Displaying items by tag: Rio Tinto

UK: Rio Tinto’s production of titanium dioxide slag has fallen by 24% year-on-year to 246,000t/year in the first quarter of 2016. The company said that its Iron and Titanium division had optimised production in line with demand. It reported that two of nine furnaces at Fer et Titane, Canada and one of four furnaces at Richards Bay Minerals, South Africa are currently idled due to low demand for high-grade feedstocks.

"In the face of a testing external environment, our focus remains on delivering further cost and productivity improvements, disciplined capital management and maximising free cash flow, to ensure that Rio Tinto remains strong," said chief executive officer Sam Walsh. Production in iron ore, bauxite and aluminium increased in the quarter but production in copper and coal decreased.