MINING giant Rio Tinto yesterday reported an uptick in production during the first half.
Global iron ore production was up by 11 per cent in the first six months of 2015 compared to the same period of last year, to 154.3m tonnes, while shipments of the commodity increased by eight percent, to 153.9m tonnes.
The group said these gains were recorded despite “severe and unseasonal weather” in the Pilbara region of Australia throughout the first half.
Rio Tinto boss Sam Walsh said: “Our combination of world-class assets, financial strength, and operating and commercial excellence provides a sound base to continue to generate sustainable returns for our shareholders.”
Shares in Rio Tinto climbed by 0.98 per cent yesterday.