Rio Tinto (RIO) Releases Fourth Quarter Production Results
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Rio Tinto Releases Fourth Quarter Production Results
January 16, 2020 4:31 PM ESTMELBOURNE--(BUSINESS WIRE)-- Rio Tinto chief executive J-S Jacques said We finished the year with good momentum, particularly in our Pilbara iron ore operations and in bauxite, despite having experienced some operational challenges in 2019. We are increasing our investment, with $2.25 billion of high-return projects in iron ore and copper approved in the fourth quarter. We also boosted our exploration and evaluation expenditure to $624 million in 2019, further strengthening our pipeline of opportunities.
We have the platform and performance to maintain our delivery of superior returns to shareholders over the short, medium and long-term, driven by our strong value over... More
