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Rio Tinto’s Iron Ore Output Gains 12%, Recovers From Floods
Jul. 14, 2011 09:35AM PST
Base Metals Investing
Bloomberg reports that Rio Tinto’s (NYSE:RIO,ASX:RIO,LON:RIO) Australian mines are recovering from flooding with a 12% gain in iron ore output.
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.