- Write by:
-
Monday, February 22, 2021 - 11:52:20 AM
-
597 Visit
-
Print
Mining News Pro - Rio Tinto is anticipating another strong year for iron ore in 2021 due to sustained demand from steel producers.
According to Rio Tinto’s annual report for 2020, steel producers will ramp up their production off the back of global supply constraints, cementing demand for Rio Tinto’s iron ore.
Rio Tinto produced 333.4 million tonnes of iron ore products in 2020, compared with 326.7 million tonnes in 2019.
Shipments were also up from 37.4 million tonnes in 2019 to 330.6 million tonnes in 2020.
The company generated $US27.5 billion ($35 billion) in gross iron ore product sales in 2020, up from $24.1 billion in 2019.
Rio Tinto chief executive Jakob Stausholm said the company’s strong response to COVID-19 had steered it into a healthy position.
“I am exceptionally proud of the way we responded, as one, to the global COVID-19 pandemic: our goal was to keep our employees, contractors and communities safe and healthy while keeping our operations running and continuing to deliver the products our customers need,” he said.
Stausholm said that sustainability across its business was a “sharp focus” in the years ahead.
After last year’s Juukan Gorge disaster, Rio Tinto has committed itself to earn the trust of Traditional Owners.
The company is also planning to tackle climate change after setting scope three emissions reduction goals this year.
“We consider climate change the key challenge of our generation, and have pledged to address our own emissions, and those of our value chain,” Stausholm said.
“…We will work with customers on steel decarbonisation pathways and invest in technologies that could deliver at least a 30 per cent reduction in steelmaking carbon intensity from 2030.”
Rio Tinto operates 16 iron ore mines in Western Australia and employs 13,600 people across its Pilbara operations.
Short Link:
https://www.miningnews.ir/En/News/611525
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed ...
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with ...
Rio Tinto said on Wednesday it is teaming up with a global venture studio and start-up investor to back the development ...
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a ...
Australia’s Fortescue said on Monday it would form a joint venture with OCP Group to supply green hydrogen, ammonia and ...
BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being ...
Australian space exploration company Fleet Space Technologies has successfully deployed its next-generation Centauri-6 ...
Mining News Pro - The ceremony of commemorating the tree planting day and the beginning of the afforestation project and ...
No comments have been posted yet ...