The mining group Rio Tinto$RIO (+1.35%)
$RIO (+0.27%) once again achieved quarterly production records in its bauxite business and at the Oyu Tolgoi copper mine in Mongolia in the third quarter of 2025, according to a company press release.
The Group's copper equivalent production increased by 9% year-on-year in the third quarter. Copper production is on track to reach the upper end of the annual forecast of 780 to 850 kilotons, which is attributable to the ongoing ramp-up of the Oyu Tolgoi mine. The underground expansion of Oyu Tolgoi remains on schedule to increase copper production by more than 50% this year.
Rio Tinto's iron ore operations in the Pilbara region achieved the second highest third quarter shipments since 2019 at 84.3 million tons, an increase of 6% on the previous quarter. The company expects iron ore deliveries for 2025 to be at the lower end of the forecast range of 323 to 338 million tons.
The company has a solid dividend yield of 4.51% and annual sales of USD 53.73 billion, cementing its position as one of the leading players in the global mining sector.
Due to the strong performance, particularly at the Amrun site, Rio Tinto raised its annual forecast for bauxite production from 57-59 million tons to 59-61 million tons. Bauxite production reached 16.4 million tons in the third quarter, an increase of 9 % compared to the previous year.
Simon Trott, Chief Executive of Rio Tinto, said: "We are on track to meet the 2025 production guidance, having revised the forecast for bauxite upwards this quarter, and are well positioned to deliver compelling medium-term production growth."
