Rio Tinto Looks to Assauge Investors’ Fears Over Iron Ore Prices

Rio Tinto’s chief executive officer spoke to reporters in Sydney on Wednesday as he looked to ease investors’ concerns about free falling iron ore prices.

According to Bloomberg:

“We shouldn’t panic when there’s a blip in iron ore prices,” Rio Chief Executive Officer Sam Walsh told reporters today in Sydney. He dismissed suggestions the company wouldn’t boost returns to investors when reporting profit in February, saying “we are committed to making a material increase.

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