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Rio Reports Record Iron-Ore, Coal Output on China Demand

Rio Tinto Group, the world’s second-largest mining company, reported record third-quarter iron-ore and power-station coal output and raised its full-year copper forecast as China’s demand for commodities surged.

Iron-ore production was 53.4 million metric tons in the three months ended Sept. 30, compared with 52.6 million tons a year earlier, the London-based company said today in a statement. That compares with the 53.3 million ton median estimate of five analysts surveyed by Bloomberg.