TORONTO, Jan. 16, 2024 /CNW/ - Rio Tinto released its quarterly operational report for the fourth quarter ending December 31, 2023, which included Iron Ore Company of Canada ("IOC") production and sales information. Specifically, Rio Tinto announced that in the fourth quarter of 2023, IOC had total saleable iron ore production of 4.60 million tonnes, comprised of 2.39 million tonnes of pellets and 2.21 million tonnes of concentrate for sale ("CFS").  Rio Tinto also announced that IOC had total iron ore sales in the fourth quarter of 2023 of 4.37 million tonnes, comprised of 2.33 million tonnes of pellets and 2.04 million tonnes of CFS. Comparisons to prior quarters and Rio Tinto's commentary on the changes can be found in Rio Tinto's quarterly operational report which is posted on its website. Please note that the IOC sales tonnages are calculated slightly differently for Labrador Iron Ore Royalty Corporation's ("LIORC") royalty. Rio Tinto also released IOC's 2024 production guidance (pellets and CFS) of 16.7 to 19.6 million tonnes.