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Rio Tinto Group (RTNTF)

Other OTC - Other OTC Delayed Price. Currency in USD
74.18-5.18 (-6.52%)
As of 02:46PM EST. Market open.
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    UPDATE 1-Rio Tinto 2023 iron ore shipments seen in line with 2022 view

    Global miner Rio Tinto said on Wednesday its iron ore shipments in 2023 would be in the same range as this year's forecast, and warned costs would be higher. It forecast unit cost of $21 to $22.5 per tonne of iron ore for next year, up from $19.5 to $21 per tonne expected in 2022. "We continue to take a cautious stance on iron ore prices and this will act as a drag to Rio's free-cash-flow as it works through this transition," Broda added.

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