RIO’s treason mine has been brought forward again.
- Pilbara iron ore achieved its highest Q2 production since 2018, recovering well from Q1 extreme weather impacts.
- Simandou first shipment accelerated to around November 2025, with 0.5 to 1.0 Mt of shipments expected in 2025 (SimFer scope from Blocks 3 & 4).
- Continued progress with our Iron Ore replacement strategy: Western Range opened on time and on budget, while Hope Downs 2 received all Government approvals in Q2.
Winning Consortium Simandou has confirmed a similar start-up date, so we can expect 2 mt per month from December and an acceleration to 10mt per month over two years.
It ain’t going to be pretty as Chinese steel demand keeps falling at 2-3% per annum for another five years. 
