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By Geoffrey Smith
Investing.com -- Shares in Rio Tinto (LON:RIO) slipped on Wednesday after the mining giant published conservative output forecasts for 2023, with no increase expected in production at its key Pilbara iron ore mine in Western Australia.
Rio said it expects output from Pilbara, which largely feeds industrial demand in China, to stay in a range between 320 and 335 million tons next year. Cash production costs at the mine are expected to be around $21-$22.5 a ton. Output of pelle...
>>> Read more: Rio Tinto slips on conservative output forecasts for 2023
Investing.com -- Shares in Rio Tinto (LON:RIO) slipped on Wednesday after the mining giant published conservative output forecasts for 2023, with no increase expected in production at its key Pilbara iron ore mine in Western Australia.
Rio said it expects output from Pilbara, which largely feeds industrial demand in China, to stay in a range between 320 and 335 million tons next year. Cash production costs at the mine are expected to be around $21-$22.5 a ton. Output of pelle...
>>> Read more: Rio Tinto slips on conservative output forecasts for 2023
