CAPITAL MARKETS

Rio remains cautious

RIO Tinto has posted an 8% drop in iron ore output in the March quarter after a record result in the December 2009 quarter, with the Pilbara operations continuing to run at or near capacity, but the company says it is still cautious about short-term volatility.

Kristie Batten

Rio remains cautious

Global iron ore production totalled 43.36 million tonnes, which was 8% lower than the December quarter but 39% up year-on-year. The Pilbara operations produced 53Mt of which 41Mt was attributable to...

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