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TITLE |
Rio Tinto posts 2% fall in Q2 iron ore production |
WRITER |
administrator |
DATE |
2010-07-15 09:42:49 |
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Rio Tinto posts 2% fall in Q2 iron ore production
Thu. 15 July. 2010
World¡¯s top iron ore miner Rio Tinto said that its iron ore output in the second quarter of 2010 was 43.61 million tons, falling by 2 percent from the first quarter level.
As the world¡¯s second largest iron ore exporter, Rio Tinto said the output decline was mainly led by a slight slowdown in Chinese purchase growth.
Rio Tinto¡¯s global iron ore production is expected to be around 234 million tons, while the mining giant said it will invest US$200 million on expansion in Western Australia.
Source from: Brian Lu |
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