“Sales in the (fourth) quarter exceeded production by 2.2 million tonnes, primarily drawing down on inventories built at the ports in the third quarter due to maintenance,” Rio said in a statement. Fourth quarter iron ore shipments climbed by 1 percent to 87.7 million tonnes versus the year ago period, the company said. Shipment levels are closely watched amid volatile global iron ore prices, with the 1.4 billion-tonne-per-year sea-traded market now in balance but threatened by a looming supply glut. Analysts expect Australia’s other major producers, BHP Billiton and Fortescue Metals Group, to report near-record quarterly production figures later this month. The price of iron ore unexpectedly surged in 2016 by about 80 percent, fueled by strong demand in China, but forecasters expect a steep decline in the price this year to less than $60 a tonne. The company also said its mined copper production, a key growth business, was 4 percent higher than 2015 at 523,000 tonnes, though still below full year guidance. It cited the absence of copper delivered from its Grasberg mine in Indonesia and lower than expected production at its Kennecott mine in the United States for the shortfall. Through a joint venture agreement with Freeport-McMoRan Inc Rio is entitled to 40 percent of material mined only above an agreed threshold. The company set 2017 aluminium production guidance at between 3.5 million to 3.7 million tonnes, little changed on the 3.6 million tonnes produced in 2016.bristol university medical interviews
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In an opinion released Friday, an appeals panel ruled 2-1 that Lenexa Police Ofcr. Curtis Webers tirade could be interpreted as a threat that coerced confessions from Marcus Thiasen Guein Jr. of Kansas City, Mo. Olathe seventh-grader wins Super Bowl contest, will be at the big game Sophie Schneider, who attends Mission Trail Middle School, was named the winner of the NFL Play 60 Super Bowl contest. The announcement was made on Good Morning America., with Cairo Santos and Dustin Colquitt of the Chiefs on hand to offer congratulations to the young Chiefs fan. Female inmate dies inside Jackson County Detention Center A woman who was brought in to the Jackson County Detention Center at 10 a.m. Friday died shortly after. The woman was being seen by medical staff and suddenly became unresponsive. Paramedics were summoned to administer first aid; however, the woman died a short time later. Financial analysis says Foutch has capacity to repurpose Kemper Arena A financial analysis says Foutch Brothers has the qualifications and financial capacity to take over Kemper Arena and repurpose it as a regional sports training and events center.
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