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Mining companies increase iron ore production in Q2

The two mining companies Rio Tinto and Vale close Q2 with increased production and more shipments of iron ore. Rio Tinto predicts shipments to exceed expectations this year.

Photo: PR-foto/Rio Tinto

Mining companies Rio Tinto and Vale both announce increased production and more shipments of iron ore in the second quarter of 2018.

According to Rio Tinto, better weather conditions and increased productivity in Q2 contributed to a 14 percent increase relative to the same period last year. The company's shipments landed at 885.5 million tons of iron ore produced solely from the company's Pilbara system.

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