Rio Tinto expects iron ore production to grow by 15 million tons in 2023-2025, CEO Jacob Stauscholm said during an investment seminar in London. In particular, in 2024 and 2025, the company forecasts an annual increase of 5 million tons, Australia Mining reports.

A key area for Rio Tinto is the Simandou project in Guinea, which the company plans to launch in 2025. Construction of the mine, port, and railway infrastructure is currently underway, and full production capacity will be reached by 2028.

At the same time, the production targets for the Pilbara region (Australia) remain unchanged – between 323 and 338 million tons of iron ore in 2025. This region will also be the basis for the implementation of a safe production system, which will gradually improve the efficiency of operations.

In addition to production growth, Rio Tinto is actively promoting its decarbonization strategy. The company plans to invest $5-6 billion by 2030 in projects that will reduce CO2 emissions by more than 3 million tons annually.