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IRON ORE SHIPMENTS FROM RIO TINTO ARM JUMPS 35% IN Q1.
AsiaPulse News, April, 2003
PERTH, April 28 Asia Pulse - Rio Tinto Ltd (ASX:RIO) today said iron ore shipments from its wholly-owned subsidiary Hamersley Iron jumped 35 per cent in the first quarter of 2003.
However, it said production from Hamersley Iron dipped five per cent in the three month period.
Rio Tinto attributed the slight fall in Hamersley Iron production to adverse weather conditions.
It said demand for ore from Robe River's new West Angelas mine in Western Australia's Pilbara region was strong.
Rio Tinto secured a 53 per cent stake of Robe River through its takeover of North Ltd two years ago.
Rio Tinto's March quarter alumina production jumped six per cent over the previous corresponding period, following its acquisition of additional equity...
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