Rio Tinto Plc : Q4 2019 production in line. Guidance for 2020 a touch below expectations
>Q4 production in line with expectations - Rio Tinto’s Q4 2019 production report was in line overall with the guidance/expectations. At Iron Ore (77% of full1eyear 2019e EBITDA), Pilbara iron ore production was down 4% q-o-q to 83.6mt (due to normal maintenance cycles and mine sequencing) while shipments reached 86.8mt (i.e. up 1% q-o-q vs ODDO BHF: 88mt) reflecting the start in October 2019 of trials of portside trading (requiring inventories at Chinese ports). Overal...Rio Tinto is engaged in finding, mining and processing mineral resources. Co. has four product groups: iron ore, which supplies the global seaborne iron ore trade; aluminium, which includes bauxite mines, alumina refineries, and aluminium smelters; Copper and Diamonds, which has managed operations in Australia, Canada, Mongolia and the U.S., and non-managed operations in Chile and Indonesia, with by-product including gold, silver, molybdenum and others such as sulphuric acid, rhenium, and lead carbonate; and Energy and Minerals, which comprises mining, refining and marketing operations across borates, coal, iron ore concentrate and pellets, salt, titanium dioxide and uranium sectors.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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