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.

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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