INTERNATIONAL COAL NEWS

Rio sees recovery beyond the clouds

RIO Tinto chief executive Tom Albanese says there are early signs of recovery in key markets but ...

Angie Tomlinson

This article is 16 years old. Images might not display.

In its third-quarter results posted today, Rio’s Australian hard coking coal was down 5% on the corresponding quarter while Australian thermal coal output lifted 12%.

Coking coal production for the quarter was affected by a longwall changeover at the Kestrel mine in the Bowen Basin.

Kestrel produced 581,000 tonnes for the quarter and has notched up 1.68 million tonnes for the first nine months of the year.

Higher production of other coal during the quarter was mainly due to an increase in production of semi-soft coal in line with improved demand from the steel industry.

In the US, Rio Tinto Energy America’s output fell 7% as a result of reduced demand for coal-fired power and some customers switching to natural gas.

Rio said a 12% recovery on the previous quarter was due to the completion of maintenance outages at power utilities.

On August 12, Rio filed a new registration for the proposed initial public offering of subsidiary Cloud Peak Energy.

Cloud Peak Energy, comprising most of Rio Tinto Energy America's western US coal assets, is a major producer of coal in the Powder River Basin, operating two of the five largest coal mines in the region.

TOPICS:

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

Expert-led Insights reports built on robust data, rigorous analysis and expert commentary covering mining Exploration, Future Fleets, Automation and Digitalisation, and ESG.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Automation and Digitalisation Insights 2025

Discover how mining companies and investors are adopting, deploying and evaluating new technologies.

editions

Mining IQ Exploration Insights 2025

Gain exclusive insights into the world of exploration in a comprehensive review of the top trending technologies, intercepts, discoveries and more.

editions

Future Fleets Insights 2025

Mining IQ Future Fleets Insights 2025 looks at how companies are using alternative energy sources to cut greenhouse gas emmissions