Rio Tinto Posts Record Iron Ore Production for 2012
Rio Tinto broke company records in one of its key products last year, shipping 247 million metric tons of iron ore while producing 253 million metric tons of the material, a new high for the company. The latter number was 4% higher than 2011's figure, and bettered the company's expectations by 3 million metric tons, the company announced this week.
Rio Tinto also recorded production increases for several of its other materials. These include bauxite and alumina, which advanced 11% and 12%, respectively, on a year-over-year basis. Copper (6%) and thermal coal (16%) also grew over 2011 levels.
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