Rio Tinto increases iron ore shipments in Q3, reiterates 2023 guidance

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Rio Tinto increases iron ore shipments in Q3, reiterates 2023 guidance
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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- Rio Tinto announced Monday that in Q3 2023, Pilbara iron ore shipments totalled 83.9 million tonnes and production was 83.5 million tonnes .

Rio Tinto added that 2023 shipments include 45 to 50 million tonnes of SP10 product, 13 to 15% of total tonnes . Importantly, the company noted that the Gudai-Darri mine reached its 43 million tonne per year nameplate capacity on a sustained basis in the second quarter of 2023.

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