Rio Tinto maintains guidance despite cyclone disruptions

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Rio Tinto maintains guidance despite cyclone disruptions
Rio Tinto maintains guidance despite cyclone disruptions
Heidi Cuthbert
Written by Heidi Cuthbert
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Mining giant Rio Tinto (ASX:RIO) has reaffirmed its full-year shipment guidance for its Pilbara iron ore operations, despite the operational havoc recently wreaked by Tropical Cyclone Narelle.

In a statement, the company confirmed it has resumed shipments from the majority of its Western Australian terminals, signaling a robust recovery following the second major weather event to hit the region this quarter.

The miner’s shipment forecast for 2026 remains steadfast between 323 million and 338 million tonnes.

The resilience comes after a tumultuous period; combined with the fallout from Tropical Cyclone Mitchell in February, adverse weather conditions have impacted approximately 8 million tonnes of iron ore shipments.

However, Rio Tinto management has already identified a strategic recovery pathway intended to claw back roughly half of those lost volumes before year-end.

Logistical stability is returning to the coastline after the temporary closure of four major port terminals on March 24.

Operations at East Intercourse Island, Parker Point, and Cape Lambert B successfully recommenced on March 28.

While the Cape Lambert A facility sustained more significant damage during the storm's passage, repair crews are currently on-site.

Rio Tinto expects shiploading at the affected berth to resume in the coming days.

At the time of reporting, Rio Tinto’s share price was $160.78.

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