- Rio Tinto
- 14 October 2025 09:08:18
Source: Sharecast
The British-Australian diversified mining group said iron ore shipments from the Pilbara region totalled 84.3m metric tons over the third quarter, unchanged from the same period last year though up 6% from the second quarter.
Copper equivalent production increased 9% year-on-year to 204kt, with a strong ramp-up at the Oyu Tolgoi driving a more optimistic outlook for the full year.
Bauxite production was also 9% higher than last year at 16.4mt which it put down to "operational excellence".
"We continue to strengthen performance from our assets, setting back-to-back quarterly production records in our bauxite business and at Oyu Tolgoi - where the underground ramp-up remains on track to boost copper output by more than 50% this year," said chief executive Simon Trott.
"We are focused on delivering a strong finish to the year from the Pilbara. Our growth projects are also progressing at pace - at Simandou, we started loading first ore at the mine for movement down the rail and to the port in October."
As for 2025 guidance, the company expects to ship between 323mt-338mt of iron ore, though the full-year result will likely be at the "lower end" of the range.
However, bauxite guidance has been increased to 59mt-61mt, up from earlier estimate of 57mt-59mt, while copper output is expected to be at the higher end of the 780kt-850kt target.
Shares were 1.4% lower at 5,013p by 0907 BST.