Rio Tinto expects modest growth in Pilbara iron ore shipment in FY24
Time:Fri, 13 Oct 2023 09:30:21 +0800
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Rio Tinto has raised its forecast for Pilbara iron ore shipments for the financial year 2024. The company expected its iron ore shipments will reach 323 million to 338 million tons in the year, higher than the 2023 forecast.
For the financial year 2023, the company affirmed that Pilbara shipment guidance remained unchanged, staying within the upper-end range of 320 million to 335 million tons.
Up to the first half of 2023, Rio Tinto has shipped 161.7 million tons of iron ore from its Pilbara plant, up by 7% year on year.
In addition, Rio Tinto is optimistic about the Gudai-Darri greenfield mine in Pilbara and plans to improve capacity by 7 million tons to reach 50 million tons per year.
