Rio Tinto expects to increase ore production in 2023-2025
Views : 254
Update time : 2024-12-10 17:41:11
Rio Tinto CEO Jacob Stausholm said at the 2024 London Investor Seminar that Rio Tinto expects iron ore production to grow by 15 million tons in 2023-2025. In particular, in 2024 and 2025, the company expects production to increase by 5 million tons per year.
One of Rio Tinto's focus areas is the Simandou project in Guinea, which is expected to produce the first ore in 2025 and reach full production in 2028. Meanwhile, the Pilbara region (Australia) targets production of between 323 million and 338 million tons in 2025.
In addition, Rio Tinto is also actively promoting decarbonization. It plans to invest US$5-6 billion in projects by 2030, aiming to reduce carbon dioxide emissions by more than 3 million tons per year.
