FILE PHOTO: A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray/File Photo
But data suggests “the rate of recovery in growth is slowing in most economies, with pent-up demand dissipating, and the rise of renewed lockdowns threatening recovery”, it added. However, steel production in Japan, South Korea, Taiwan and Europe are showing signs of recovery, it added. Rio also said the start of production at its Winu copper project in Australia’s Pilbara region could be delayed beyond 2023 because talks with indigenous traditional land owners could take longer than anticipated.
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