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Rio reports soft June quarter

Rio Tinto has reported a soft quarter of iron ore production and lifted its unit cost guidance, but analysts believe strong commodity prices will still underpin a solid set of financials.

 Issues with people movement is impacting Rio's projects, including Gudai-Darri (pictured)

Issues with people movement is impacting Rio's projects, including Gudai-Darri (pictured)

Pilbara iron ore shipments were 76.3 million tonnes, down 2% over the previous quarter and down 12% year-on-year. Rio said it had been impacted by higher than average June quarter rainfall, shutdowns...

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