Rio Tinto Boosts Iron Ore Output on Australian Expansion
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Rio Tinto Group said second-quarter iron-ore production increased 11 percent after the world’s second-largest mining company expanded operations in the remote Pilbara region of Western Australia.
Output was 57.5 million metric tons in the three months to June 30, compared with 51.8 million tons a year earlier, London-based Rio said today in a statement. That’s in line with the 57.7 million-ton median estimate of seven analysts surveyed by Bloomberg. The company raised its full-year copper forecast.