Rio faced with challenging Dec quarter

Mining major Rio Tinto has reported marginal decline in production volumes during the fourth quarter of 2019 across most of its commodities, apart from bauxite.

The miner on Friday reported that iron-ore production for the quarter ended December was down 4% on the previous quarter, to 83.6-million tonnes, while iron-ore shipments was up by 1% to 86.8-million tonnes.