Rio Tinto is reviewing its iron ore product strategy after low-grade volumes accounted for 19 per cent of sales. Analysts say investors should be concerned.
Persistent cost inflation and low-grade iron ore at Rio Tinto’s mining heartland is eating into margins and delivered a quarterly result labelled as “disappointing”.
Rio Tinto has reported healthy iron ore production from its Pilbara operations for the September quarter, though copper and aluminium production has marginally lagged expectations. The world's biggest ...