 "Iron ore mines, Mines, Iron ore")
Rio Tinto forecast slightly weaker-than-expected 2022 iron ore shipments on Tuesday, citing tight labour market conditions and production delays from the new greenfields mine at Gudai-Darri project.
The world's biggest iron ore producer said it expects to ship between 320 million and 335 million tonnes (Mt) in 2022 from the Pilbara region in Western Australia, a forecast with a mid-point below RBC estimate of 332 Mt and UBS' estimate of between 330 Mt and 340 Mt. Rio shipped 321.6 Mt of the steel-making commodity last year, down 3% from 2020.
Shares of the global miner fell as much as 1.9% to A$107.91,
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