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Pagina: «« 1 ... 76 77 78 79 80 ... 105 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 14 juni 2019 15:47
    Vale Optimistic About Recovery Of Output At Brucutu Iron Ore Mine

    Reuters reported that Vale which needs court approval to resume production at its Brucutu mine after a deadly dam collapse, told analysts it expects to do so soon. Vale said another 30 million tonnes of capacity could be restored in the second half once its Alegria, Vargem Grande and Timbopeba mines receive dry processing licenses. Vale had forecast in May that those licenses could take 6 months to 12 months.

    Vale has told analysts it is focused on reaching agreements with those affected by the Brumadinho tragedy and with Brazilian authorities and expects to sign social and environmental settlements by the end of 2019 or in 2020

    In addition, Vale mentioned that an investigation to determine the causes of the accident could be completed in the next three months and a final report ready in late September or early October

    Vale was forced to suspend about 90 million tonnes per year of iron ore capacity after the collapse of a tailings dam in the mining town of Brumadinho killed at least 246 people, triggering a broad safety review. Brucutu is operating at only a third of its 30 million tonnes yearly capacity, using dry processing, which does not require use of tailings dams. Restoring the other 20 million depends on persuading a judge that the mine is safe.

    Source : Reuters
  2. forum rang 10 voda 14 juni 2019 15:48
    Rio Tinto Releases Further Details On Tailings Facilities

    Rio Tinto has disclosed additional information in relation to its global tailings facilities. In line with the company's commitment to disclose further detail over time, Rio Tinto has now provided additional information about the construction, management and monitoring of facilities, including independent reviews.

    All Rio Tinto managed facilities are subject to three levels of governance and assurance:

    First level of assurance takes place at the asset itself with the main tenets being effective facility design, comprehensive operational controls and regular reviews. Independent reviews of the operations must be conducted at least every two years

    Second level is assurance to the Rio Tinto Standard through periodic Business Conformance Audits and Technical Reviews, supported by Rio Tinto's Surface Mining Centre of Excellence

    Third level of assurance is independent of site management and normally conducted by third parties

    All Rio Tinto managed facilities, whether active or inactive, have an external engineer of record or design engineer.

    All facilities have been given a hazard classification in accordance with the regulatory or industry body that oversees tailings in each region or jurisdiction. Hazard classifications are not a judgment on the condition of a facility or the likelihood of failure but on the potential consequence if there were to be a failure.

    The latest disclosure builds on the detailed information provided on each of the company's global tailings facilities on 20 February 2019, when Rio Tinto also published its Group Procedure and its Standard for 'Management of tailings and water storage facilities', which was introduced in August 2015.

    Source : Strategic Research Institute
  3. forum rang 10 voda 17 juni 2019 16:36
    BHP Ramps Up Exploration Technology With Southern Innovation

    Australian Mining reported that BHP has signed Melbourne-based technology company Southern Innovation to assist the mining giant in mineral exploration and extraction. The contract is a multi-year collaboration agreement that will involve Southern Innovation in uncovering solutions to challenges BHP faces. Southern Innovation and BHP have worked together since 2015, having developed and commercialized technology that improves the performance of radiation-based analysis in mining applications. The company’s engagement with BHP over the last three years has successfully developed new-to-world METS technology and products in Australia and enabled Southern Innovation to double its workforce.

    Southern Innovation CEO Mr David Scoullar said that “With this new research and ongoing product development work, we will be adding even more employees dedicated to this task with a view to redoubling our workforce over two years.”

    BHP vice president of technology global transformation Mr Rag Udd added the deal highlights the company’s support of the mining equipment, technology and services sector. He said that “Our continuing engagement with the METS sector ensures that our industry successfully adapts to technological change, while creating and sustaining global technological and skills leadership in key areas of mining and our supply chain.”

    Source : Australian Mining
  4. forum rang 10 voda 18 juni 2019 15:32
    Rio Tinto Successful Rollout Of AutoHaul Positions WA As Global Rail Technology Leader

    Rio Tinto joined by representatives from the government of Western Australia and lead project technology partner Hitachi Rail STS to celebrate the successful deployment of AutoHaul™, the world’s first automated heavy-haul long distance rail network. AutoHaul™ trains, which deliver safety and productivity benefits for Rio Tinto’s iron ore business, have also firmly positioned Western Australia and its heavy-haul rail industry as a global leader in the joint development and application of rail technology. 2.4 kilometer long trains, monitored remotely from an operations centre in Perth, travel across a vast network of 1,700 kilometers of track, delivering iron ore from 16 mines to ports in Dampier and Cape Lambert. These trains have now safely travelled more than 4.5 million kilometers autonomously since they were first deployed last year.

    This world-first was made possible by the close collaboration with project partners from Japan, US and Australia. These include Hitachi Rail, Calibre, New York Air Brake, Wabtec and others who provided the necessary expertise, innovation and software to make AutoHaul a success. Several of these partners maintain a strong presence in WA and have committed to continuing to invest locally.

    Mr Ivan Vella, Rio Tinto Iron Ore managing director Rail, Port & Core Services, said that the deployment of AutoHaul™ is a reflection of the incredible pioneering spirit of the project team and its valued partners. The success of AutoHaul™ would not have been possible without the expertise, collaboration and dedication of teams within Rio Tinto and our numerous partners. I’d also like to commend our train driving workforce for their support and professionalism during the transition period.

    Mr Vella said that “This project has cemented Western Australia as a leader in the heavy-haul rail industry and has attracted interest from around the world. The successful deployment of the world’s first heavy-haul long distance rail network demonstrates the potential for significant further improvement in such operations with others around the world looking to replicate.”

    Source : Strategic Research Institute
  5. forum rang 10 voda 20 juni 2019 16:08
    Vale Suspends Onca Puma Nickel Processing

    Vale informs that it suspended its nickel processing activities at the Onça Puma plant, in the State of Pará. It is important to note that the mining activities in the Onça Puma mines have been halted since September 2017 by means of a prior judicial decision related to a Public Civil Action filed by the Federal Public Prosecution Office against Vale, the State of Pará and the Indian National Agency (Fundação Nacional do Índio - Funai), requesting the suspension of mining activities at Onça Puma.

    Although Vale has not been officially summoned, it became aware of the decision made by the judge of the Federal Regional Court (Tribunal Regional Federal da 1ª Região) demanding the suspension of the Onça Puma ore transformation activities and, therefore, opted for the interruption of the processing activities at the site.

    Vale said that “We continue to challenge and appeal the suspension decisions, with the support of seven reports from experts appointed by the relevant federal judge.”

    Source : Strategic Research Institute
  6. forum rang 10 voda 20 juni 2019 16:39
    BHP Upgrades Coal To Dodge China Ban

    Financial Review reported that BHP is working on a plan to change the types of coal it produces in NSW in response to the Chinese import curbs that shocked coal markets earlier this year. China is the main buyer of export thermal coal from BHP's Mt Arthur mine in the Hunter Valley, but unofficial import restrictions on Australian coal shipments this year have prompted BHP to study ways to produce more of the coal specification demanded by Japanese customers.

    S&P Global Platts senior editor for Asia thermal coal Mike Cooper said that there had been no sign of China relaxing the import restrictions on Australian coal that have typically manifested as lengthy customs clearance at Chinese ports.

    Aside from finding a more reliable customer for its thermal coal, the plan could enable BHP to access higher prices for the coal it exports from NSW while fitting with the company's broader mission to reduce the carbon intensity of its business.

    The coal Mt Arthur sells to China typically contains 5500 kilocalories of energy per kilogram. Japanese and many Korean customers typically prefer coal with at least 6000 kilocalories of energy per kilogram, and BHP has been trialling ways to upgrade the raw product from Mt Arthur to that higher energy level.

    Washing costs extra

    Trials at Mt Arthur have successfully produced coal with higher energy content, with the process involving extra washing of coal. It was unclear how much of Mt Arthur's production could be elevated to the higher energy level but if adopted permanently, it is understood the project would change the proportions of the various coals produced at Mt Arthur, rather than deliver a wholesale change to the product offering.

    The trade-off from the coal upgrades is expected to come in the form of higher unit costs; washing of coal adds to production costs, while the proportion of saleable coal produced from the total volume mined would be lower. But if price premiums for coal with higher energy content continue to track above historic levels, as they have done during the past year, BHP may be able to justify the higher unit costs.

    S&P Global Platts said that 6000 coal from the Hunter Valley was selling on spot markets for about USD 17 per tonne more than the price of 5500 coal, which has slumped to a three-year low near USD US50 per tonne.

    According to Mr Cooper, that USD 17 per tonne premium is wider than the traditional premium, which has historically been closer to USD 10 per tonne. The premium soared to more than USD 50 per tonne in the Australian winter of 2018, about the same time as prices for 6000 coal from the Hunter Valley were at 6 year highs.

    Source : Financial Review
  7. forum rang 10 voda 20 juni 2019 17:02
    Rio Tinto Cuts Iron Ore Guidance Further By 13 Million Tonnes

    Rio Tinto Iron Ore said that it is currently experiencing mine operational challenges, particularly in the Greater Brockman hub in the Pilbara, which is resulting in a higher proportion of certain lower grade products, partly to protect the quality of our flagship Pilbara Blend. It said “Around 1.5 million tonnes of these products were sold in the first quarter, as noted in the 2019 Quarterly Operations Review, 16 April 2019. Additional sales of these products will be made during 2019.”

    It said “In light of these challenges, there has also been a review of mine plans, resulting in guidance of Pilbara shipments (100% basis) for 2019 being revised to between 320 million tonnes and 330 million tonnes (previously between 333 million tonnes and 343 million tonnes). Given the change in volume guidance, unit costs will be updated in the Q2 Quarterly Operations Review (16 July 2019).”

    Source : Strategic Research Institute
  8. forum rang 10 voda 25 juni 2019 18:18
    BHP & Mitsubishi Development Sign MoU To Reduce Greenhouse Gas Emissions

    BHP and Mitsubishi Development Pty Ltd signed an MOU agreement to work together in the pursuit of emissions reductions, including from the life-cycle use of marketed products. In Tokyo, BHP CEO, Mr Andrew Mackenzie, said the MOU marked the start of an important collaboration with one of BHP’s essential long-term industry partners. He said that BHP is committed to accelerating the development of emerging technologies that have the potential to achieve material reductions in greenhouse gas emissions. Our new collaboration with Mitsubishi Development demonstrates the important role the private sector can play in bringing these technologies to market. Both companies are committed to emissions reductions in a range of industries, including the steel industry. Our Japanese partners and customers are critical to the development of new technologies and approaches to emissions reductions that stand to benefit countries across the globe.

    Mr Sadahiko Haneji, Mitsubishi Development Pty Ltd Managing Director and CEO, said this MOU is an important initiative for a company engaging in mineral resource activities in Australia, such as MDP. He said that Mitsubishi Corporation Group, and therefore MDP, is committed to simultaneously generating economic value, environmental value, and societal value through all business activities it conducts.

    Source : Strategic Research Institute
  9. forum rang 10 voda 25 juni 2019 18:24
    Rio Tinto Claims New Aluminium Alloy Could Cut Wheel Weight By Up To 7%

    Rio Tinto Group has developed an aluminum alloy it claims can be used to cut the weight of vehicle wheels by as much as 7% while retaining the same strength characteristics. London-based Rio Tinto one of the world's largest processors of aluminum ore is calling the new product "Revolution-Al" and said it's part of its high-strength 3xx Series Alloys.

    Mr Tolga Egrilmezer, vice president of sales and marketing, called Revolution-Al a "clear example" of how Rio Tinto aims to deliver responsible solutions to its customers and the whole manufacturing ecosystem. He said that "Our new wheel alloy is stronger, allowing designers to make a lighter wheel, which, in turn, can make cars safer and more appealing to end consumers, in addition to having reduced CO2 emissions.”

    Among claims Rio Tinto is making about the new products are that:

    Wheel design improvement provides opportunities to enhance visual appearance, tire performance, vehicle handling and maneuverability as well as reduce CO2 emissions and tire wear

    It is 15% to 20% stronger than traditional wheel alloy A356.2 (which allows the wheel weight reduction)

    It is an easy and cost-efficient manufacturing solution, including a seamless transition with existing casting processes and a two-hour shorter aging cycle versus A356.2.

    The company did not elaborate on the process it's using to achieve the improvements nor on how much it would cost versus conventional aluminum.

    Rio Tinto Aluminium CEO Alf Barrios said that "As we partner with customers, we're seeing an increasing demand for specialized alloys and other products to meet their specific needs. Developing these products is at the heart of our business, from research and development, to offering technical expertise and marketing as well as collaborating with OEMs."

    Source : Steel Guru
  10. forum rang 10 voda 25 juni 2019 18:24
    BHP Completes Heap Leach Technology Trial For Olympic Dam

    BHP has successfully completed its heap leach research and development trial in South Australia, confirming the viability of the technology to extract copper, uranium, gold and silver at Olympic Dam. The program began in 2012 and was conducted at a purpose-built, small-scale heap leach facility at Wingfield run by Bureau Veritas, under direction from BHP and with support from the South Australian Government.

    BHP’s General Manager of Olympic Dam’s surface processing, Ms Chris Barnesby, made the announcement at the Copper to the World conference in Adelaide. She said that “The promising results from this trial supports our positive outlook for Olympic Dam, given forecast demand increases for copper and the optionality we are building for this world-scale resource.”

    She added that “We safely and successfully produced 19 tonnes of good quality copper, most of which went back into the smelter and off to customers, though we kept a little to ourselves to commemorate the achievement. Whether we deploy heap leach at Olympic Dam is a matter for future consideration, as there are many factors involved including passing through our Capital Allocation Framework.”

    She added that “As it stands today, we have confirmed the viability of a technology with the potential to join our suite of growth options. However, our immediate focus is on operating safely and reliably, and setting a foundation to unlock more value for BHP and for South Australia over the long term.”

    Source : steelguru.com
  11. forum rang 10 voda 25 juni 2019 18:25
    Rio Tinto Renews Partnership With Indspire

    Rio Tinto announce that it is renewing its partnership with Indspire, Canada's leading Indigenous charity that primarily provides bursaries and scholarships to Indigenous students pursuing post-secondary education or training. Through its Rio Tinto Aluminium Fund Canada, the company is providing USD 450,000 over the next three years to Indspire's Building Brighter Futures bursaries, scholarships and awards program as well as its recognition and development events—the National Gathering for Indigenous Education, the Indspire Awards and Soaring: Indigenous Youth Empowerment Gathering.

    Rio Tinto country head for Canada Alf Barrios said that "We're committed to working together with Indigenous Peoples to address challenges and create opportunities. When it comes to education and training for Indigenous youth, there are big gaps to be filled. That's why we've been a proud partner to Indspire since 2009. Broadening our partnership with Indspire will help give students the support they need to stay in school, succeed in their studies and fulfill their dreams."

    Indspire president and CEO Roberta Jamieson said that "We're delighted to be continuing our partnership with Rio Tinto to advance Indigenous education in Canada. Our shared vision is that education is the path to opportunity. The support that Rio Tinto provided over the past 11 years is making a significant positive impact on the lives of hundreds of First Nations, Inuit and Métis students, as well as their families, communities and Canada."

    As part of the renewed partnership, Rio Tinto is continuing to provide, through Indspire, the Rio Tinto Award for Indigenous Students, to offer financial support to Indigenous students who are enrolled or plan to enrol in post-secondary studies principally toward science, technology, engineering and mathematics careers.

    Source : Steel Guru
  12. forum rang 10 voda 27 juni 2019 12:09
    Brazil's Vale Conducted Blasts Near Brumadinho Dam After Burst

    Reuters, citing Brazilian iron ore miner Vale, reported that it had conducted two planned explosions near its upstream tailings dam whose collapse killed nearly 250 people in January, but only after the dam burst. After the burst, as a safety measure, two explosions which had already been planned were carried out, at a distance and with safe loads, adding their objective had been to eliminate any risk from existing explosives in the mine complex.

    According to Brazilian government news agency Agencia Brasil, recently, two workers who were in the area when the dam collapsed five months ago also reported explosions in testimony before a parliamentary investigative committee in the state of Minas Gerais, where the disaster occurred. One of the two workers said the explosion happened around the time the dam collapsed, while a second worker, a Vale employee, testified it only happened roughly an hour after the dam burst.

    Source : Reuters
  13. forum rang 10 voda 3 juli 2019 17:13
    Vale CFO, Ex CEO Should be Indicted for Murder - Brazil Senate Panel

    Reuters reported that a Brazilian Senate committee probing a deadly dam collapse recommended that iron ore miner Vale SA’s CFO and former CEO should be indicted for murder. The 400 page report recommended that a total of 15 individuals be indicted for murder, wrongful bodily injury, environmental damages and pollution. The committee is also seeking the indictment of Vale and dam stability auditor TÜV SÜD for environmental damages and corporate responsibility for actions of their employees in the late-January disaster that killed nearly 250 people.

    The committee’s initial report recommended manslaughter charges but at a hearing it approved an amendment to upgrade the charges to murder and add a 15th individual to its list for recommended indictments.

    The nonbinding recommendations could influence prosecutors in their ongoing probe of Vale and its executives for negligence regarding the disaster.

    Mr Fabio Schvartsman stepped down as Vale’s CEO under pressure from prosecutors in March. Mr Luciano Siani, also targeted by the committee, continues to serve as CFO.

    Vale said it respectfully disagrees with the indictment recommendations. It said “A forensic, technical and scientific conclusion about the causes of the dam burst should be arrived at before holding certain people responsible.”

    Source : Reuters
  14. forum rang 10 voda 8 juli 2019 16:41
    Rio Tinto's Icelandic Aluminum Plant Attracts Glencore - Report

    Reuters, citing banking sources, reported that at least three companies have expressed an interest in buying Rio Tinto’s aluminum assets in Iceland, Sweden and the Netherlands for up to USD 350 million. Sources said “Commodity trader and miner Glencore is among interested parties.

    German aluminum producer Trimet Aluminium was also named by the sources as one of the companies that had expressed interest, but it said on Thursday that it was not interested in buying any aluminum plant.

    Rio Tinto restarted the sale process for the assets in late 2018, with the help of French investment bank Natixis, after Norwegian aluminum company Norsk Hydro pulled out of buying them, blaming a delay in getting European Commission approval.

    Source : Reuters
  15. forum rang 10 voda 11 juli 2019 13:41
    Rio Tinto's Icelandic aluminum plant attracts Glencore - Report

    Reuters reported that at least three companies including Glencore have expressed an interest in buying Rio Tinto’s aluminum assets in Iceland, Sweden and the Netherlands for up to USD 350 million, banking sources said.

    Rio Tinto restarted the sale process for the assets in late 2018, with the help of French investment bank Natixis, sources previously said, after Norwegian aluminum company Norsk Hydro pulled out of buying them, blaming a delay in getting European Commission approval.

    Given Hydro is already a major player in the aluminum industry, the European Commission may have had competition concerns, the sources said.

    As well as an aluminum smelter in Iceland, Rio has put on the block a 53% stake in a Dutch anode facility and 50% of the shares in a Swedish aluminum fluoride plant, which are ingredients in aluminum production.

    Rio Tinto declined to comment.

    Source : Reuters
  16. forum rang 10 voda 16 juli 2019 10:11
    Rio Rinto ziet druk op productie en leveringen.

    (ABM FN-Dow Jones) Rio Tinto heeft in het tweede kwartaal en in de eerste zes maanden van dit jaar de productie en levering van ijzererts onder druk zien staan. Dit maakte de mijnbouwer dinsdag bekend.

    Rio Tinto rapporteerde over het tweede kwartaal een daling van de productie van ijzererts in de Pilbara-regio van 7 procent, terwijl de leveringen met 3 procent daalden. Over de eerste zes maanden kwam de productie met 8 procent lager uit en dat gold ook voor de leveringen van ijzererts.

    CEO Jean-Sébastien Jacques sprak dinsdag van een uitdagende operationele omgeving gedurende het eerste halfjaar.

    Er was wel sprake van een opwaartse trend in bauxiet en titanium in zowel het tweede kwartaal als het eerste halfjaar.

    De Brits-Australische onderneming maakte dinsdag ook bekend dat het de verkoop van zijn belang in Rössing Uranium in Namibië heeft afgerond. Daar was in totaal 106,5 miljoen dollar mee gemoeid.

    Door: ABM Financial News.
    info@abmfn.nl
    Redactie: +31(0)20 26 28 999

    © Copyright ABM Financial News B.V. All rights reserved.
  17. forum rang 10 voda 16 juli 2019 16:41
    BHP Plans Exit from Thermal Coal - Report

    Bloomberg, citing people familiar with the matter, reported that the latest move by the world’s biggest miners to retreat from the dirtiest fuel, BHP Group is moving ahead with plans to exit thermal coal. BHP is looking at options to divest the business that includes assets in Australia and Colombia, said the people, who asked not to be identified as the development has not been made public. There’s no guarantee the company will go ahead with a sale. The decision demonstrates how growing climate-change pressure from investors and regulators is reshaping the future of extractive industries.

    BHP had already signaled cooling interest in thermal coal. Earlier this year, Chief Financial Officer Peter Beaven said the company had no appetite for growth in the commodity.

    While thermal coal makes up a fraction of BHP’s profits, it’s led to some investors saying they can’t hold the stock.

    Norway’s USD 1 trillion sovereign wealth fund last month got the green light to dump more than USD 13 billion in stocks linked to fossil fuels, including companies that mine more than 20 million tons of thermal coal, pushing Anglo American and BHP out of reach. Climate Action 100+, which has the backing of more than 300 investors managing USD 32 trillion, has already forced reforms from extractive giants such as BP Plc and Glencore.

    For BHP, thermal coal has become increasingly hard to justify. The company’s profits are driven by iron ore, oil, copper and coking coal (used to make steel) and thermal coal is likely to contribute just 1% of profit this year, according to Liberum Capital Markets.

    Source : Bloomberg
  18. forum rang 10 voda 17 juli 2019 06:32
    Mijnbouwconcern Vale betaalt schadevergoeding na dodelijke dambreuk

    Het Braziliaanse mijnbouwbedrijf Vale heeft een klein half jaar na de desastreuze dambreuk bij een ijzerertsmijn in Brumadinho de families van de dodelijke slachtoffers een schadevergoeding van in totaal zo’n 95 miljoen euro in het vooruitzicht gesteld.

    Buitenlandredactie 16-07-19, 22:40
    De ramp kostte ten minste 248 personen het leven, 22 anderen worden nog altijd vermist. Volgens de krant O Globo krijgen de nabestaanden ongeveer 165.000 euro. Daarvan is bijna 120.000 euro smartengeld en 45.000 euro een uitkering van de ongevallenverzekering.

    Lees ook
    Dambreuk Brazilië ‘geen ongeluk’: acht arrestaties
    Lees meer
    Fatale dambreuk Brazilië kost directeuren de kop

    Vale betaalt verder voor de verongelukte werknemers pensioen tot ze 75 jaar zouden zijn geworden en bekostigt onder meer de opleiding van kinderen van de slachtoffers tot hun 25e. Tot die overeenkomst zijn de verantwoordelijke exploitatiemaatschappij en het Openbaar Ministerie in de staat Minas Gerais en de arbeidsrechter gekomen.

    De Braziliaanse rechter bepaalde vorige week dat Vale alle schade die na de dijkdoorbraak ontstond door de gigantische modderstroom moet herstellen, inclusief de negatieve gevolgen voor de lokale economie en het milieu. Voor dat doel werd 2,5 miljard euro van het concernvermogen geblokkeerd.

    www.ad.nl/buitenland/mijnbouwconcern-...
  19. forum rang 10 voda 17 juli 2019 16:17
    BHP Announces Operation Results for Year Ended 30 June 2019

    BHP Chief Executive Officer, Andrew Mackenzie, said “We finished the 2019 financial year with an 11 per cent increase in quarterly production, driven by strong operational performances across our portfolio, including annual production records at a number of our petroleum, copper, iron ore and metallurgical coal operations. Our overall production was broadly in line with last year, overcoming the impacts of weather, grade and natural field decline, and unplanned outages in the first half. Our exploration program delivered encouraging results, with seven out of nine petroleum wells successful and further evaluation of the Oak Dam copper prospect underway. Strong underlying performance puts us in a position to deliver higher volumes in the 2020 financial year. BHP s suite of attractive options, together with our culture and transformation programs, will grow returns and create long-term financial and social value."

    Summary

    Exceeded full year production guidance for petroleum and met revised guidance for copper and iron ore. Metallurgical coal and energy coal production marginally below guidance predominantly as a result of lower than expected wash plant yields and adverse weather impacts during the June 2019 quarter.

    Group production increased by 11% in the June 2019 quarter reflecting a strong operational performance across the portfolio, particularly at Western Australia Iron Ore and Queensland Coal which achieved annualised run rates above 290 million tonne (excluding the impact of Tropical Cyclone Veronica) and 48 million tonne respectively during the quarter.

    Group copper equivalent production for the 2019 financial year declined by 2%<1), with annual production records at two petroleum and four minerals operations offset by grade and natural field decline, weather-related interruptions and several unplanned outages.

    Voor cijfers, zie pdf.

    Source : Strategic Research Institute
  20. forum rang 10 voda 17 juli 2019 16:20
    Rio Tinto Releases Second Quarter Production Results

    Rio Tinto chief executive J-S Jacques said “We saw a challenging operational performance across our portfolio in the first half, while also investing in future growth at Richards Bay Minerals and Resolution. Whilst we experienced operational and weather issues at our iron ore operations in Australia, pricing and market demand has remained robust. We remain focused on safely improving and optimising the performance and productivity of our assets in order to drive future cash flow. This, combined with our value over volume strategy and the disciplined allocation of capital, will continue to deliver superior returns to our shareholders in the short, medium and long term.”

    Pilbara iron ore shipments of 85.4 million tonnes (100% basis) in the second quarter were 3% lower than the second quarter of 2018. Shipments were impacted in April due to recovery works following Tropical Cyclone Veronica.

    2019 guidance for Pilbara shipments was revised on 19 June 2019 to between 320 and 330 million tonnes, 100% basis (previously between 333 and 343 million tonnes) due to mine operational challenges. Unit cost guidance has been revised to $14 - $15 per tonne (previously $13 - $14 per tonne).

    Lower iron ore production was the primary driver of a 2% reduction in copper equivalent production in the first half compared to the corresponding period of 2018.

    Bauxite production of 13.4 million tonnes in the second quarter was 1% higher than the same period of 2018.

    Aluminium production of 0.8 million tonnes was in line with the second quarter of 2018.

    Mined copper production of 137 thousand tonnes was 13% lower than the second quarter of 2018, with lower production from Escondida and Kennecott reflective of lower grades.

    Titanium dioxide slag production of 303 thousand tonnes was 31% higher than the second quarter of 2018, reflecting improved operational performance following operational challenges faced in the corresponding period of 2018.

    Second quarter production at Iron Ore Company of Canada was significantly higher than the corresponding quarter of 2018, which was impacted by a labour strike. However, guidance for Rio Tinto’s share of iron ore pellets and concentrate production is revised to between 10.7 and 11.3 million tonnes (previously 11.3 to 12.3 million tonnes), due to adverse weather conditions in the first quarter and a flooding incident in June.

    On 8 April 2019, Rio Tinto announced the approval of the construction of the Zulti South project at Richards Bay Minerals (RBM) in South Africa for $463 million (Rio Tinto share $343 million).

    On 15 April 2019, Rio Tinto announced it had committed $302 million ($166 million Rio Tinto share) of additional expenditure to advance its Resolution Copper project in Arizona.

    Voor cijfers, zie pdf.

    Source : Strategic Research Institute
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