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    RIO   GB0007188757

RIO TINTO PLC

(RIO)
  Report
Delayed London Stock Exchange  -  11:35:02 2023-02-06 am EST
6047.00 GBX   -1.32%
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Rio Tinto Expects Steady Iron-Ore Shipments in 2023

11/30/2022 | 01:57am EST

By Rhiannon Hoyle


Rio Tinto PLC said it expects iron-ore shipments from its Australian mines to be steady year over year in 2023, and for aluminum output to rise.

The world's largest iron-ore producer on Wednesday said it expects to ship between 320 million metric tons and 335 million metric tons of the steelmaking ingredient next year. It reiterated guidance for exports at the low end of the same range in 2022.

In the mid-term, capacity of its Pilbara iron-ore operations will likely be between 345 million tons and 360 million tons, Rio Tinto said.

The mining giant estimated 2023 aluminum production at 3.1 million tons to 3.3 million tons, up from an estimated 3.0 million tons to 3.1 million tons in 2022.

Refined copper output could be lower, it said. Rio Tinto estimated a range of 180,000-210,000 tons for next year versus an estimated 190,000-220,000 tons this year.


Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com


(END) Dow Jones Newswires

11-30-22 0157ET

Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN MINES LIMITED -5.08% 0.056 End-of-day quote.5.66%
GOLD 0.12% 1867.2 Delayed Quote.2.27%
RIO TINTO PLC -1.32% 6047 Delayed Quote.5.69%
S&P GSCI ALUMINUM INDEX -1.47% 159.6521 Real-time Quote.8.01%
S&P GSCI GOLD INDEX 0.15% 1094.26 Real-time Quote.2.76%
SILVER -0.04% 22.24 Delayed Quote.-6.73%
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Financials (USD)
Sales 2022 54 483 M - -
Net income 2022 13 862 M - -
Net Debt 2022 3 130 M - -
P/E ratio 2022 8,76x
Yield 2022 7,20%
Capitalization 123 B 122 B -
EV / Sales 2022 2,32x
EV / Sales 2023 2,46x
Nbr of Employees 49 000
Free-Float 65,5%
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Technical analysis trends RIO TINTO PLC
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 23
Last Close Price 74,12 $
Average target price 73,71 $
Spread / Average Target -0,54%
EPS Revisions
Managers and Directors
Jakob Stausholm Chief Executive Officer & Executive Director
Peter Lloyd Cunningham Chief Financial Officer & Executive Director
Dominic S. Barton Chairman
Mark Davies Chief Technical Officer
Arnaud Soirat Chief Operating Officer
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