$69 postpage LB

Rio Falls Short of UBS Shipment Projections for Q2 2020

  • July 17, 2020 02:35 PM AEST
  • Team Kalkine

Rio Tinto Limited (ASX:RIO) iron ore delivery falls short of shipment number projected by UBS- by ~ 1.61 per cent.

Gold MTF non-AMP

  • The miner shipped 86.7 million tonnes during the second quarter, which remained a 1 per cent and 19 per cent up against the previous corresponding quarter and the previous quarter, respectively.
  • However, the shipment fell short of UBS projections of 88.1 million tonnes, but the miner remains well on track to complete the yearly guidance of 324 to 334 million tonnes.

 


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