On July 16, Rio Tinto released its second quarter 2019 production performance report. In the second quarter, Rio Tinto Pilbara iron ore shipments (100% equity basis) reached 85.4 million tons, down 3% year-on-year and 24% quarter-on-quarter; iron ore production (100% equity basis) reached 79.7 million tons , down 7% year-on-year and 5% quarter-on-quarter.

In the first half of the year, Rio Tinto's iron ore production was 155.7 million tons (Rio's equity production was 129.7 million tons), down 8% year-on-year; sales were 154.6 million tons (Rio's equity production was 129.6 million tons). The year-on-year decline was 8%; the average FOB price was $78.5/wet ton, equivalent to $85.3/dmt ($57.9/wet ton in the first half of 2018).

For the year-on-year decline in production and shipments, Rio Tinto explained that it was affected by the tropical Hurricane Veronica and Lambert Point A port fires, and the currently damaged facilities have been repaired.

In addition, due to the fact that production was not affected by the strike, Rio Tinto's Canadian iron ore company's output in the second quarter of 2019 was significantly higher than that in the same period of 2018. The production of pellets and fines reached 2.5 million tons, up 191% year-on-year. 2%. However, due to poor weather conditions in the first quarter of this year and the floods in June, the Canadian iron ore company's pellets and fines production guidance for 2019 was adjusted to 10.7 million tons to 11.3 million tons (previously 11.3 million) Tonne ~ 12.3 million tons).

Rio Tinto also introduced the two projects of Pilbara in the report. Among them, the Koodaideri iron ore project is advancing engineering design, procurement and construction as planned, including the expansion of earthworks and the initiation of railway earthworks, which are expected to be commissioned by the end of 2021, in line with previous plans. The Robe River Joint Venture maintains capacity projects (including the Xi'an Gilas C and D mine projects in the Rob River Valley and the Massa B, C, H mine projects) and is in the process of approving the necessary environmental and cultural heritage The program is prepared in advance. Among them, the environmental approval of the Massa H mine project has been delayed, and a contingency plan is being prepared to prepare for the unexpected. Consistent with previous guidance, the Robb River joint venture maintenance capacity project is expected to be commissioned in 2021.

Affected by mine operation difficulties, the 2019 Pilbara iron ore shipment guidance target was adjusted to 320 million tons to 330 million tons on June 19, 2019 (previously planned target of 333 million tons to 343 million tons, The unit cost has been adjusted to $14/wet ton~$15/wet ton (previously $13/wet ton~$14/wet ton).