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AAP
AAP
Business
Derek Rose

INSANE: Rio tinto optimistic on iron ore shipment guidance | Vintage Vibes

Rio Tinto says its full-year iron ore shipments are expected to be in the upper half of guidance. (Alan Porritt/AAP PHOTOS) (AAP)

Rio Tinto says its full-year iron ore shipments are expected to be in the upper half of guidance despite a train derailment disrupting operations last month.

The iron ore giant said on Wednesday it produced 81.3 million tonnes in the second quarter, three per cent higher than a year ago, but the June 17 train derailment closed the rail line for four days, contributing to a one per cent drop in shipments at 79.1m tonnes.

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