Rio Tinto posted a 39% jump in its first-quarter iron ore output compared to the corresponding period last year driven by high demand from China and recovery in the West.

The company’s ore production for the quarter stood at 43.4 million metric tons compared to last year’s Q1 output of 31.2 million.

This year’s output, however, is down 8% from the 47.2 million metric tons Rio Tinto produced in the fourth quarter of 2009.

The company said it expects to increase its output across its iron ore operations in Australia and Canada on a 100% basis, which it said it expects to rise to 234 million tons from 217 million last year.

Rio’s gold and molybdenum production stood at 12% and 58% higher than the first quarter of 2009.

Copper metal production for the quarter fell 16% while uranium output eased 20% from the first quarter of 2009.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData