Rio shipments hit by bad weather

Mining giant Rio Tinto has made a sluggish start to the year, with first-quarter shipments and production of iron ore affected by bad weather in Western Australia.

The world's second largest iron ore exporter shipped 76.7 million tonnes of iron ore from its Pilbara operations in the three months to March 31, similar to the volume a year earlier but down 13 per cent on the December 2016 quarter.

"Production and sales were both impacted by significant weather disruptions, which resulted in heavy flooding across several sites including the rail network, along with the suspension of ship loading on a number of occasions," the company said in a statement.


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Total Shareholder Return as at 31/10/16

1 year TSR5 year TSR
284thBHP Billiton47%-1%
447thRio Tinto12%-1%
536thNational Australia Bank-0%12%
567thCommonwealth Bank-7%14%
706 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Bought
$90k Sold
$1k Bought
Total value as at the date of the transaction
Source: Morningstar


2nd-Rio Tinto$49,225.3m
3rd↓BHP Billiton$42,224.6m
4th-National Australia Bank$27,213.0m
5th-Commonwealth Bank$27,005.0m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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