Global mining giant Rio Tinto announced on the 17th operators reported that iron ore production in the first half of this year amounted to 120 million tons, representing an increase of 4% over the first half of last year, a record company the record of the same period production of a new high.
The day, Rio Tinto chief executive Tom Albanese said in the second quarter, the global economic situation substantial deterioration in the company is still close attention to U.S. economic recovery, the impact of European sovereign debt crisis and China's economic stimulus factors . He also said that Rio Tinto's investment plan will still be able to adapt to the current market volatility.
The data show that the Rio Tinto in the Pilbara region, Western Australia's iron ore production increased by 4 percent, reaching 114 million tons of iron ore sales in the region of 109 million tons, more than 40% of quarterly average price of the reference quarterly pricing to determine the remaining 60% is in accordance with the current quarter, the monthly average price index or stock price index pricing.
In addition to iron ore in the second quarter, Rio Tinto copper, bauxite, alumina, coke and titanium dioxide production grew. Among them, the ring of hard coking coal production was an increase of 13 percent to 200 million tons of thermal coal production of 4.77 million tons, with year-ago quarter.
In June of this year, Rio Tinto announced that the company has approved a $ 3.7 billion to further expand Western Australia Iron Ore, to the 2013 Pilbara iron ore production capacity will reach 283 million tons in the first half of 2015, or upgraded to 353 million tons.
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