27
Feb
09:41
Rio profits from divestments and firm iron ore
Rio Tinto’s 2018 results showed a fall in net operating cash flows on slightly lower prices, but lower debt and a sell-off in assets drove profits higher. Iron ore meanwhile remains dominant in the business, accounting for more than two thirds of underlying earnings, Kallanish notes.
The company confirmed its iron ore shipments were up 2% to 338 million tonnes in 2018, and it expects to ship 338-350mt in 2019. C1 cash costs were flat at $13.3/tonne in 2018…
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Anonymous
Very good overview of the weekly steel market.
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