PRODUCTION

Rio meets production targets

Major diversified mining house Rio Tinto (LN:RIO) has delivered a reasonably good set of production results for the December quarter to close out a reasonably strong operational year across the group, though investors may be slightly concerned by the performance and outlook for key business unit, copper.

Rio's Kennecott subsidiary contributed to the softer copper numbers for 2016

Rio's Kennecott subsidiary contributed to the softer copper numbers for 2016

Copper production fell short of full-year production guidance of 535,000-565,000 tonnes, at 523,000t. The lower numbers reflected the absence of allocated copper production from the Grasberg operation...

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