BRIEF-Rio Tinto Sees 2025 Pilbara Iron Ore Unit Cash Costs $23.0-24.50 Per Wmt

Reuters
20 Feb
BRIEF-Rio Tinto Sees 2025 Pilbara Iron Ore Unit Cash Costs $23.0-24.50 Per Wmt

Feb 19 (Reuters) - Rio Tinto PLC RIO.L:

  • FINAL RESULTS

  • FY25 PRODUCTION GUIDANCE IS CONSISTENT WITH OUR INVESTOR SEMINAR, RELEASED ON 4 DECEMBER

  • IN 2025 EXPECT SHARE OF CAPITAL INVESTMENT TO BE $11 BILLION

  • SEES 2025 PILBARA IRON ORE UNIT CASH COSTS $23.0-24.50 PER WMT

  • MID-TERM GUIDANCE FOR OUR SHARE OF CAPITAL INVESTMENT IS $10 TO $11 BILLION

  • SEES 2025 COPPER C1 UNIT COSTS 130-150 US CENTS PER LB

  • IN 2025, EXPECT OUR ONGOING EXPLORATION AND EVALUATION EXPENSE TO BE $1.0 BILLION

  • CONSTRUCTION OF PRIMARY CRUSHER 2 IN OYU TOLGOI PROGRESSING TO PLAN & REMAINS ON TRACK TO BE COMPLETED BY THE END OF 2025

  • SIMFER MINE IS ON TRACK TO DELIVER FIRST PRODUCTION AT THE MINE GATE IN 2025

  • TOTAL LOSSES FROM ALL FOUR CYCLONES ALONG PARTS OF PILBARA COASTLINE ANTICIPATED TO BE AROUND 13 MILLION TONNES

Further company coverage: RIO.L

((Reuters.Briefs@thomsonreuters.com;))

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