Rio Tinto Deals with Issues Related to Weather and Labor

Rio Tinto reported it shipped 76.7 million metric tons (mt) of iron ore from the Pilbara in the first quarter. The 13% quarter-to-quarter decrease was attributed to cyclone activity. The company said sections of the rail network were affected by significant rainfall. Despite the disruptions, shipments were in line with the first quarter of 2016, and guidance for 2017 remains at 330 to 340 million mt, the company reported.

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Jacobs Lands Chuquicamata Contract

Corporación Nacional del Cobre (Codelco), the Chilean national copper mining company, contracted Jacobs Engineering Group to overhaul acid plants at the Chuquicamata mine.

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