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Rio Tinto Releases Fourth Quarter Production Results

17 Jan 2020  |  08:36:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Rio Tinto releases fourth quarter production results

Rio Tinto released fourth quarter production results. Exploration and evaluation spend in 2019 was $624m, 28% higher than 2018, primarily reflecting increased activity at Resolution Copper in the US and on the Winu and Falcon advanced projects in Australia and Canada. It achieved a major permitting milestone at Resolution with the release of an independently prepared Draft Environmental Impact Statement in August 2019. Construction of the $463m Zulti South project at RBM remains on hold post a suspension of operations following a number of security incidents that impacted operations. It will review the restart of the Zulti South project after normalisation of operations at RBM.

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