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Market Watch reports Rio Tinto PLC (NYSE:RIO) is on track to produce more than 240 million metric tons of iron ore this year.
Market Watch reports Rio Tinto PLC (NYSE:RIO) is on track to produce more than 240 million metric tons of iron ore this year.
The market news is quoted as saying,
The company produced 239 million tons in 2010, but had a difficult first quarter this year after typhoons struck the northwestern coast of Australia and the iron-ore-rich Pilbara region, which accounts for roughly 40% of global seaborne supplies.