15
Oct
17:20
IOC lowers production guidance on labour, equipment issues
Labour and equipment availability issues have been impacting production rates at the Iron Ore Company of Canada (IOC) this year. As a result, Rio Tinto is lowering its 2021 production guidance for the company, in which it owns a 59% stake.
The full year guidance for IOC’s saleable production has been lowered from 17.9-20.4 million tonnes to 16.2-17.9mt, Kallanish understands.
IOC reported a 20.5% quarter-on-quarter decline in saleable iron ore production, f…
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Very good overview of the weekly steel market.
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