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Rio Tinto maintains iron ore shipments guidance despite cyclone disruption
(Sharecast News) - Rio Tinto maintained its guidance for 2026 Pilbara iron ore shipments on Monday despite cyclone disruption. Guidance remains at 323 to 338 million tonnes.
The miner said iron ore port operations have resumed after tropical cyclone Narelle passed over Western Australia's Pilbara region.
Port closures at the company's four Pilbara iron ore port terminals began on 24 March. Ship loading at East Intercourse Island, Parker Point and Cape Lambert B restarted on 28 March.
Rio said damage to Cape Lambert A is currently being repaired, with shipping at that facility expected to start again in the coming days.
"Including tropical cyclone Mitchell in February, recent weather events are estimated to have impacted iron ore shipments by approximately 8 million tonnes," it said. "The company has identified a pathway to recover around half of these losses."
At 0925 BST, the shares were up 3.6% at 6,778p.
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