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Article: RIO TINTO SEES RECOVERY IN KEY COMMODITY MKTS.
- Article from:
- AsiaPulse News
- Article date:
- October 14, 2009
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MELBOURNE, Oct 14 Asia Pulse - Global miner Rio Tinto Ltd (ASX:RIO) says there are early signs of a recovery in its key commodity markets and has increased its forecast for full year global iron ore production.
The mining giant says it remains cautious about the near term outlook, but cost reductions are continuing and it has made considerable progress in planned assets sell-offs to reduce debt.
Rio Tinto on Wednesday revealed its global iron ore production rose 12 per cent in the third quarter from the same period a year ago.
Its Australian iron ore output in the September quarter was a record 57 million tonnes, or 46 million tonnes on an ...