The British-Australian mining company Rio Tinto announced its production volume in the second quarter of current year to 79.5 million tons.

The volume of exports in the same period reached 80.3 million tons, an increase by 3% compared to the first quarter of current year and an increase by 2% compared to the second quarter of 2023.

in the period January – June 2024, the company’s production of iron ore reached 157.4 million tons, a decrease by 2% compared to the same period of last year, and the volume of the company’s exports in the first half of this year reached 158.3 million tons, a decrease by 2% compared to the same period in 2023.

The company confirmed in its report that Rio Tinto expects the volume of exports in 2024 to be in the range of 323-338 million tons.

At the same time, the company announced the receipt of all regulatory permits for the construction of the Simando iron ore project in Guinea. Rio Tinto owns two of the four mining areas within the framework of the joint Semfer project with the China’s Chalco Company (CIOH) and the Guinean government, The mine is expected to be operational in 2025.