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Rio has strong final quarter to scrape in on iron ore guidance

Iron ore production at lower end of guidance but costs likely to exceed target

Kristie Batten
Rio Tinto's newest iron ore mine, Gudai-Darri

Rio Tinto's newest iron ore mine, Gudai-Darri

Rio shipped 321.6 million tonnes, on a 100% basis, unchanged from 2021 and at the bottom end of 2022 guidance of 320-335Mt. It included 87.3Mt shipped in the December quarter, up 5% quarter-on-quarter...

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