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Bad weather hits Rio Tinto s qtrly iron ore exports ahead of results bonanza

Bad weather hits Rio Tinto s qtrly iron ore exports ahead of results bonanza Reuters 7 hrs ago © Reuters/David Gray Train loaded with iron ore can be seen near Fortescue Solomon iron ore mine located in the Valley of the Kings MELBOURNE (Reuters) -Rio Tinto reported a 12% fall in quarterly iron ore shipments on Friday after storms affected its West Australian operations, but is expected to report bumper results this month on soaring prices for the steel raw material. Popular Searches Rio said it now expects to ship near the lower end of its range of 325 million tonnes (mt) and 340 mt in calendar 2021, meaning it may hand back its crown as the world s biggest producer to Brazilian rival Vale S.A..

Rio Tinto raises 2021 iron ore cost guidance, quarterly shipments drop

By Reuters Staff 3 Min Read MELBOURNE (Reuters) -Rio Tinto reported a 12% fall in quarterly iron ore shipments on Friday after storms affected its West Australian operations, but is expected to report bumper results this month on soaring prices for the steel raw material. FILE PHOTO: A train loaded with iron ore can be seen near the Fortescue Solomon iron ore mine located in the Valley of the Kings, south of Port Hedland, in the Pilbara region of Western Australia December 2, 2013. REUTERS/David Gray/File Photo Rio said it now expects to ship near the lower end of its range of 325 million tonnes (mt) and 340 mt in calendar 2021, meaning it may hand back its crown as the world’s biggest producer to Brazilian rival Vale S.A..

Australia s Spark Infrastructure gets $3 7 billion buyout offer

Australia s Spark Infrastructure gets $3.7 billion buyout offer Reuters 2 hrs ago July 15 (Reuters) - Australia s Spark Infrastructure Group said on Thursday it has received a buyout proposal from private equity firm KKR & Co Inc and Ontario Teachers Pension Plan Board, valuing the electricity infrastructure investor at A$4.91 billion ($3.67 billion). Spark shareholders will get A$2.80 for each share they own, a nearly 13% premium to the stock s last traded price of A$2.48 on Wednesday. ($1 = 1.3367 Australian dollars) (Reporting by Sameer Manekar in Bengaluru; Editing by Shounak Dasgupta)

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