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Rio Tinto iron ore shipments fall as cyclones hit Pilbara operations

Summary by WTVB
(Reuters) – Rio Tinto reported a 9% drop in first-quarter iron ore shipments on Wednesday, with 2025 Pilbara shipments now expected at the lower end of guidance after tropical cyclones battered Australia’s west coast and disrupted operations. The series of tropical cyclones in the first quarter had snarled activities at the Dampier port in the Pilbara region and affected Rio Tinto’s shipments. The company had earlier warned of total losses of 13…

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Rio Tinto, the second largest mining company in the world by market value, said it expects that iron ore shipments from its mining operations in Australia are likely to be at the lower limit of the projection in 2025. Among the main factors are the losses suffered by extreme weather events in the first quarter of this year, according to a note released on Tuesday (15).

·Brazil
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Globo broke the news in Brazil on Tuesday, April 15, 2025.
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