Rio Tinto maintains 2026 production, sales and unit cost guidance
Bitget2026/10/13 21:35- Rio Tinto maintained 2026 production and unit-cost guidance, citing strong Q3 performance at Oyu Tolgoi copper and Pilbara iron ore.
- Pilbara iron ore unit cash cost guidance held at US$23.5–25.0 per wet metric tonne FOB; higher diesel added US$0.9/t year-to-date.
- At an assumed ~US$175/bbl for Q4, diesel impact expected to rise to US$1.1/t for the full year; FX at US$0.70/A$ adds ~US$1.0/t.
- Copper C1 net unit cost guidance for Kennecott, Oyu Tolgoi, Escondida maintained at 30–50 US cents per lb.
- Productivity outlook reiterated, targeting a US$1.8 billion annualized productivity benefit run-rate by end-2026; capital release exceeded US$2 billion year-to-date.
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