Australia's Rio Tinto sees copper production surge in 2025
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FILE PHOTO: The Rio Tinto logo is displayed above the global mining group's booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/File Photo
(Reuters) - Australian mining giant Rio Tinto on Wednesday forecast a boost in its consolidated mined copper production for fiscal 2025, driven primarily by an anticipated 50% surge in output from its Oyu Tolgoi operation in Mongolia next year.
The world's largest producer of iron ore said it expects copper production in fiscal 2025 to come in between 780,000 tonnes and 850,000 tonnes, compared with 660,000-720,000 tonnes expected in fiscal 2024.
(Reporting by Roushni Nair in Bengaluru)
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