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A train loaded with iron ore travels towards the Rio Tinto Parker Point iron ore facility as an empty train leaves in Dampier in the Pilbara region of western Australia, in this file picture taken April 20, 2011. (Daniel Munoz/Reuters)
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Rio Tinto’s Australian ace in the hole
— Financial Times
Published
Last updated
Departing chief executives and $14-billion (U.S.) writedowns aside, Rio Tinto last week reported record iron ore production and shipments from its mines in Australia’s Pilbara region in 2012. Output topped 250 million tonnes, with shipments just shy of that thanks to productivity gains. But, with other big ore bodies in Brazil coming on stream from 2015, can Pilbara’s dominance last?
