Rio Tinto Slows Some Operations in Response to Coronavirus
March 23 2020 - 6:54PM
Dow Jones News
By David Winning
SYDNEY--Rio Tinto PLC said it would slow operations in South
Africa and Canada in response to government directives to contain
the spread of the coronavirus.
Rio Tinto said all mining operations at its Richards Bay
Minerals business in South Africa would stop for 21 days from
midnight on Thursday, in line with a government order to prevent
the virus from spreading more.
"In line with the President's directive, Rio Tinto will make
arrangements for the furnaces to be put on care and maintenance in
order to avoid damage to their continuous operations," the company
said in a regulatory filing. "At this time, it is too early to
speculate on when operations will resume or on 2020 production
guidance."
Resumption of the construction of the Zulti South project in the
country would be delayed, Rio Tinto added.
In Canada, Rio Tinto said it was working with the government of
Quebec to comply with a directive to reduce business activity to a
minimum. The Saguenay-Lac-Saint-Jean region accounts for nearly
half of the company's global aluminum output and Rio Tinto also
operates a port and stockpile in Sept-Iles.
Write to David Winning at david.winning@wsj.com
(END) Dow Jones Newswires
March 23, 2020 18:39 ET (22:39 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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