Business
Why the Rio Tinto (ASX:RIO) share price will be on watch today
The Rio Tinto Limited (ASX: RIO) share price will be one to watch this morning following the release of its fourth quarter update.
How did Rio Tinto perform in the fourth quarter?
Rio Tinto was on form in the fourth quarter and delivered production growth across most commodities.
According to the release, the company’s Pilbara iron ore production came in 3% higher for the quarter to 86Mt. This brought its full year production to 333.4Mt, which was up 2% on the prior corresponding period. This was despite negative impacts from Cyclone Damien in the first quarter and COVID-19 disruptions.
In respect to shipments, the company’s Pilbara iron ore shipments grew 2% in the fourth quarter to 88.9Mt and 1% for the full year to 330.6Mt….
-
General22 hours agoTrump says peace deal between Russia and Ukraine ‘very close’ as he attacks Zelenskyy
-
Noosa News19 hours agoFrom pigeons and Morse code to satellites and cyberspace: 100 years of the Royal Australian Corps of Signals
-
Noosa News19 hours ago“I Do My Best Work in the Dark”: Jenna Ortega Gets Creepy and Kooky Again in the First ‘Wednesday’ Season Two Trailer
-
General21 hours agoLabor and the Coalition have pledged billions of dollars towards health this campaign. But what will it mean for you?