22 APRIL 2015AlCircle.com
Rio Tinto reports higher coal production for the first quarter of 2015
Edited by : AL CIRCLE
1 min read
Rio Tinto reported higher coal production for the first quarter driven primarily by the improved performance of the Kestrel South mine in Queensland after a longwall ramp-up. Semisoft production also increased at Mount Thorley and Warkworth in NSW while at the Hail Creek facility in Queensland there has been a higher thermal production.
Bauxite and alumina production saw a four and two percent rise respectively compared to the first quarter of 2014 with Weipa and Queensland Alumina both performing well in the quarter.
Sam Welsh, chief executive of Rio Tinto is happy with the “solid production performance during the first quarter’’ and says the company is continuing its drive to improve efficiency in all avenues of business to drive further development.
“By making best use of our high quality assets, low cost base and operating and commercial capability our aim is to protect our margins in the face of declining prices and maximise returns for shareholders throughout the cycle,” Mr Walsh said.
The company has shown improvements in all sectors of production, despite a slowdown of iron ore production due to wet weather.
Bauxite and alumina production saw a four and two percent rise respectively compared to the first quarter of 2014 with Weipa and Queensland Alumina both performing well in the quarter.
Sam Welsh, chief executive of Rio Tinto is happy with the “solid production performance during the first quarter’’ and says the company is continuing its drive to improve efficiency in all avenues of business to drive further development.
“By making best use of our high quality assets, low cost base and operating and commercial capability our aim is to protect our margins in the face of declining prices and maximise returns for shareholders throughout the cycle,” Mr Walsh said.
The company has shown improvements in all sectors of production, despite a slowdown of iron ore production due to wet weather.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Grow with
AL Circle
