Business
ASX to fall; $A below US71¢; Rio Tinto iron ore shipments drop – The Australian Financial Review
The Australian sharemarket is expected to open lower after Wall Street fell on concerns about rising COVID-19 cases and fading stimulus hopes. Rio Tinto’s third…
Rio Tinto remains on track to meet its iron ore export guidance but concedes it still does not know the extent to which an improved approach to cultural heritage will affect future output from its most important division.
Rio shipped 82.1 million tonnes in the three months to September 30; a result that was 5 per cent weaker than the previous quarter and the same time last year.
The miner blamed port maintenance for the modest output and said that maintenance would continue over the next three…
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