Rio Quarterly Iron Ore Output Up 7%, Raises Copper Target

Rio Tinto Group, the world’s second-largest mining company, said second-quarter iron ore output rose 7 percent from last year, narrowly beating analyst expectations.

Production was 51.8 million metric tons in the three months to June 30, compared with 48.6 million tons a year earlier, the London-based company said today in a statement. That compares with the 51.2 million ton median estimate of seven analysts surveyed by Bloomberg.