Rio Tinto reduces iron ore transport forecast for 2016

Australian mining giant Rio Tinto downgrades its forecast for iron ore volumes transported by the company in 2016 after fewer shipments in the third quarter.

Photo: Rio Tinto

Rio Tinto does not expect to transport as much iron ore for the full year 2016 as previously anticipated, writes the Australian mining company in its third quarter interim report.

In the third quarter this year, Rio Tinto shipped 80.9 million tons of iron ore, a setback of five percent compared to the same period last year.

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