CAPITAL MARKETS

Rio ups iron ore forecasts

RIO Tinto has boosted its 2009 iron ore production forecast after third-quarter output rose to a record high as demand from steelmakers in China surged.

Claire Svircas
Rio ups iron ore forecasts

Production of iron ore climbed 12% to 47.5 million tonnes in the September quarter compared to 42.4 million a year ago, to set a new quarterly record. As a result Rio has upgraded its 2009 global iron...

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