Rio Tinto plc Stock Price Today: Shares Steady After Cyclone Shuts Queensland Bauxite Mines
Rio Tinto shut its Amrun and Andoom bauxite mines in Queensland as Cyclone Narelle hit, sending its Australia-listed shares down 4% before a slight rebound in London. The mines produce 30 million tons of bauxite annually. South32 also paused its Gemco manganese mine. Rio has not given a restart timeline, citing ongoing damage checks.