Rio Tinto Says Iron Ore Shipments to Rise in 2020 and Beyond

  • Producer sees lower capex in 2019, slightly higher in 2020
  • Pilbara iron ore has operated at times at 360m-ton capacity
Photographer: Andrey Rudakov/Bloomberg
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Iron ore shipments from Rio Tinto Group could rise as much as 5% in 2020 as the producer recovers from operational issues in Australia this year, the exporter says Thursday.