Menu
Menu
Rio Tinto set iron ore production record in Q4

Rio Tinto set iron ore production record in Q4

Rio Tinto has announced that its iron ore production grew to a record 61 million tonnes in Q4 2009, up 49% year-on-year.

Copper production also grew 36% year-on-year, while gold production grew by 141%. Australian thermal coal production grew 5%, but Australian hard coking coal production declined 2%.

The company also said it had entered into deals for asset sales totaling $7.2 billion during 2009, of which $3.6 billion had been completed during the year. The company also realised $741 million during the quarter from an IPO of its Cloud Peak operations.

RIO shares have risen 2.9% today to $79.33.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags Rio Tintofinancial resultsmining

Show Comments

Market Place

Computerworld
ARN
Techworld
CMO
<img height="1" width="1" style="border-style:none;" alt="" src="//insight.adsrvr.org/track/evnt/?adv=bitgblf&ct=0:dn998liw&fmt=3"/>