Global mining giant Rio Tinto said on October 16 its business was performing strongly despite global volatility, affirming annual targets and reporting a quarterly record in Australian iron ore output.
Rio said it had achieved a "strong set of results in the third quarter" to the end of September despite falling commodity prices due to slowing in its crucial China market.
"Markets remain volatile, but our business is resilient and our operations are performing strongly," Rio Tinto chief Tom Albanese said. "We have delivered another strong set of production results in the third quarter."
Rio kept its previous full-year guidance of 250 million tonnes for iron ore, 8.5 million tonnes for steelmaking coal and 19.5 million tonnes for thermal coal, which is burned to produce electricity.
The firm reported global iron ore production of 67 million tonnes in the three months to September, up five percent on the same period last year, including a record 63 million tonnes at its flagship Australian operations.