Rio Tinto’s Iron Ore Output Gains 12%, Recovers From Floods

Bloomberg reports that Rio Tinto’s (NYSE:RIO,ASX:RIO,LSE:RIO) Australian mines are recovering from flooding with a 12% gain in iron ore output.

The market news is quoted as saying,

Iron-ore production climbed 12 percent from a year earlier to 48.9 million metric tons, Rio said today in a statement. That compares with estimates of 49.4 million tons from Credit Suisse Group AG and 45.8 million tons from UBS AG.

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