Rio Tinto, the Anglo-Australian mining firm, saw the amount of iron ore shipped during 2011 below the amount it actually produced, the firm's latest operations update reveals.
Total shipments during 2011 were 239 million tonnes. The firm says extreme weather conditions affected Australia in particular.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
What Santander’s takeover of TSB means for customersSantander is set to buy rival TSB for £2.65 billion. What does it mean for customers, and could we see the TSB brand disappear from the high street?
-
How to find active fund managers that are worth paying forActive funds are unlikely to beat a cheap tracker on average, but can be valuable in certain markets
