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Rio gently applies the brakes

Rio Tinto smashed its record for iron ore production last year at 327.6 million tonnes but missed its export target of 340Mt, shipping 336.6Mt. About 9Mt of exports came from its own stockpile.

Rio gently applies the brakes Rio gently applies the brakes Rio gently applies the brakes Rio gently applies the brakes Rio gently applies the brakes

Do we need so much of this stuff?

But for the first time in recent years, the company abandoned its bullish production talk, forecasting 2016 exports would come in at 350Mt, with no mention of the 360Mt it had talked about earlier.

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