Rio Tinto Group reported full-year iron ore shipments rose to a record as the second-biggest exporter benefited from improvements to its rail network and other productivity upgrades.
Exports from Western Australia advanced 1 percent to 330.1 million metric tons in 2017, from 327.6 million tons a year earlier, London-based Rio said Tuesday in a production report. That beat a 329.3 million ton median estimate among five analysts surveyed by Bloomberg.