Rio Tinto maintains 2026 production, sales and unit cost guidance
Bitget2026/10/13 21:35- Rio Tinto maintained 2026 production and unit-cost guidance, citing strong Q3 performance at Oyu Tolgoi copper and Pilbara iron ore.
- Pilbara iron ore unit cash cost guidance held at US$23.5–25.0 per wet metric tonne FOB; higher diesel added US$0.9/t year-to-date.
- At an assumed ~US$175/bbl for Q4, diesel impact expected to rise to US$1.1/t for the full year; FX at US$0.70/A$ adds ~US$1.0/t.
- Copper C1 net unit cost guidance for Kennecott, Oyu Tolgoi, Escondida maintained at 30–50 US cents per lb.
- Productivity outlook reiterated, targeting a US$1.8 billion annualized productivity benefit run-rate by end-2026; capital release exceeded US$2 billion year-to-date.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CIBC announces $1 billion offering of limited recourse capital notes
Saudi "Desert Davos" postponed to 2027: $50 billion signing window closes, narrative of "global business hub" suffers setback
The "Future Investment Initiative" summit in Saudi Arabia, known as the "Desert Davos," has announced its postponement. The 10th edition of the event, originally scheduled to take place in Riyadh from October 26 to 29, has been postponed until 2027. The delay is due to ongoing attacks by Houthi forces targeting locations within Saudi Arabia, including Riyadh Airport and the Saudi Aramco headquarters. According to the draft agenda, planned attendees included senior executives from financial giants such as Goldman Sachs, JPMorgan, and Blackstone.
BUZZ-Steel Dynamics stock falls as quarterly profit misses expectations
Coca-Cola Announces Dividend of R$ 0.29564105286 per Unit
Crypto prices
More
