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17 Feb
19:45

Rio lowers shipments' guidance following cyclone disruption

London-headquartered Rio Tinto has lowered its guidance for the group’s iron ore shipments in 2020, Kallanish learns from the company. This is due to the damaging effects of a cyclone on the miner’s network in Western Australia’s Pilbara region, Rio Tinto says in a statement. Tropical Cyclone Damien caused infrastructure damage across the miner’s entire Pilbara network, including impact to access roads, electrical and communications infrast…
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