Rio Tinto reports Q2 Pilbara iron ore production 83.7 Mt, up 5% y/y

Reports Q2 Bauxite production 15.6 Mt, up 5% y/y. Reports Q2 Alumina production 1.8Mt, up 8% y/y. Reports Q2 mined Copper 229kt, up 15% y/y. Rio Tinto (RIO) CEO Jakob Stausholm said: “We delivered excellent operational performance from our mine operations with record production from our bauxite business and from Oyu Tolgoi as it ramps up to become the world’s fourth largest copper mine before the end of the decade. We continue to make strong progress in our production and growth projects, achieving our highest Pilbara Q2 production since 2018 and accelerating the first shipment from the Simandou high-grade iron ore project in Guinea. We will continue to drive progress towards our long-term strategy to deliver profitable growth and build a stronger, more diversified business.”