Rio Tinto downgrades Pilbara shipments forecast after cyclone
By Michele Maatouk
Date: Monday 17 Feb 2020
(Sharecast News) - Rio Tinto downgraded its 2020 shipments forecast from the Pilbara region of Western Australia on Monday as it said that iron ore operations there were progressively resuming following the passing of Tropical Cyclone Damien.
The miner now expects shipments of between 324m tonnes and 334m tonnes, down from previous guidance of between 330m and 343m tonnes.
"The cyclone caused infrastructure damage across our entire Pilbara network, including impact to access roads, electrical and communications infrastructure and accommodation," it said, adding that all mine sites experienced some disruption and will take time to return to normal operations.
"Safety remains our top priority as we ramp up operations, and undertake the necessary remediation work, following the passing of the cyclone," Rio said.
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