Rio Tinto expects to mine up to 600 kt of copper in 2023, says iron ore guidance remains subject to risks
Editors Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of todays must-read news and expert opinions. Sign up here! According to a press release, Pilbara iron ore shipments of 320 to 335Mt are expected in 2023, with mid-term capacity remaining at 345 to 360Mt.
For comparison, in 2022, the company expects Pilbara iron ore shipments to be at the low end of the 320 - 335Mt guidance range. Rio Tinto said that Pilbara shipments guidance remains subject to risks around commissioning and ramp-up of new mines and management of cultural heritage. In 2023, Rio Tinto also expects to mine between 550,000 and 600,000 tonnes of copper , compared to the current production guidance for 2022 of between 500,000 and 575,000 tonnes of copper.
The company’s 2023 guidance for production of diamonds is between 3.0 and 3.8 M carats and production guidance for bauxite is between 54 and 57 Mt .
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