Rio Tinto (RIO.US) resumes operations after a five-week shutdown at Western Australian ports.

Market IntelMonday, Mar 3, 2025 8:50 am ET

1min read

Rio Tinto Group (RIO.US) announced on Monday that its East Intercourse Island facility in the Pilbara region of Western Australia has resumed operations after being idled for over five weeks due to flooding caused by a tropical cyclone.

The East Intercourse Island port facility was inundated when a train derailed during record rainfall along parts of the Pilbara coast caused by the cyclone, "Shaun," the company stated. It added that operations at East Intercourse Island were back up and that the first ship had completed loading.

Rio had previously indicated in its full-year results that it expected to lose 13 million metric tons of iron ore shipments due to tropical cyclones that hit the west coast of Australia and disrupted transportation, but it maintained its forecast for shipments from the Pilbara region of 323 million to 338 million metric tons.

"The scale of the outage suggests they are unlikely to hit the midpoint of their shipment guidance," RBC analyst Kaan Peker said.

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