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On January 19, 2021, Beijing time, Rio Tinto released its production and sales report for the fourth quarter of 2020

2021-01-22   

In terms of output: in the fourth quarter of 2020, the iron ore output of Pilbara business was 85.96 million tons, which basically remained unchanged compared with the third quarter, with a year-on-year increase of 3%. In 2020, the total iron ore output of Pilbara business will reach 333 million tons, an increase of 2% year on year.

 

Transportation volume: in the fourth quarter of 2020, the iron ore transportation volume of Pilbara business was 88.87 million tons, an increase of 8% on a month on month basis and 2% on a year-on-year basis. Affected by the cyclone and cowid-19, the planned maintenance of the port was delayed, which affected the shipment in the third quarter. In 2020, the total amount of iron ore shipped will be about 331 million tons, an increase of 1% year on year.

 

In the fourth quarter of 2020, the total output of refined pellet powder of Canadian iron ore Corporation (IOC) was 2.74 million tons, an increase of 17% on a month on month basis and 7% on a year-on-year basis. In 2020, the total output of IOC (58.7% of Rio Tinto's shares) pelletized fine powder was 10.4 million tons, a year-on-year decrease of 1%, mainly due to the unscheduled maintenance of processing equipment in the third and fourth quarters, resulting in a slight decrease in the total output.

 

According to the production report, the first phase of luobuhe iron ore project is expected to deliver the first batch of iron ore in 2021, and the second phase is expected to maintain normal construction and operation.

 

In 2021, Rio Tinto's Pilbara iron ore target is 325-340 million tons.


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