Mining major Rio Tinto on Thursday flagged a 5% increase in iron-ore shipments for 2020, compared with 2019, while also deferring $500-million of planned capital expenditure from 2019 to 2020.
The miner told an investment seminar in London that total capital expenditure for 2019 would be $5.5-billion, with the 2020 capital expenditure guidance standing at $7-billion.