Rio Tinto ships first iron ore from expanded operations

Rio Tinto has loaded the first shipment of iron ore from its expanded port, rail and mine operations in Pilbara, Western Australia.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The “290 Project” expansion programme will see the miner’s iron ore capacity in the region increase to 290 million tpy, Rio Tinto said on Monday September 2.

The first shipment was a capesize vessel named Tai Shan, which carried 165,000 tonnes of Pilbara Blend fines and was bound for Nippon Steel & Sumitomo Metal Corporation’s Kimitsu works in Tokyo. The ship embarked from the new Cape Lambert B wharf, according to the statement.

Rio Tinto’s ceo Sam Walsh previously said the first tonnages from the 290 project would be delivered by the end of September.

The project has also been delivered within budget, iron ore ceo Andrew Harding noted in the statement.

“Our focus will now be to ensure the ramp-up to full run-rate is achieved safely and efficiently,” Harding said.

“We will continue to seek further productivity improvements from our fully-integrated Pilbara system […] in order to maximise the return on our investment,” he added.

The second stage of the expansion to 360 million tpy is underway, Rio Tinto said.

The company produced 66 million tonnes of iron ore from its global operations during the June quarter, up 7% year-on-year.

Rio Tinto’s iron ore production guidance for 2013 is 265 million tonnes

What to read next
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer’s executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas
US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
The fallout from Russia’s invasion of Ukraine is changing global trade flows for bauxite, with Brazilian material once again flowing into China and with the introduction of export restrictions elsewhere likely to influence availability through 2023
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.