Rio Set for Bumper Profit as Iron Ore and Coal Output Soars

SMH reported Rio Tinto (ASX:RIO,LSE:RIO) will beat last year’s record profit and it will meet its 2011 production target for iron ore.

As quoted in the market news,

The group’s third (September) quarter production report, released yesterday, showed that Rio had set new quarterly records for iron ore sales as well as setting records for coking coal production.

Click here to read the full SMH report.