Rio Tinto lifts Q2 production

Mining giant retains FY iron ore guidance, lifts copper guidance on strong second quarter.

Rio Tinto has posted strong gains in its second-quarter global iron ore shipments and production, with the mining giant saying its iron ore expansion is continuing to deliver high-margin growth that reinforces its position as a low-cost producer.

The mining giant's global iron ore production in the second quarter was 11% higher compared to the previous corresponding period at 73.1 million tonnes, which pushed first-half global iron ore production to 139.5 million tonnes.

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