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Rio Tinto keeps iron ore expansion plans
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Reuters reported that Rio Tinto said that it will keep its expansion plan to raise iron ore production for the following years gradually and try to reach 450 million tons by 2016.
Rio Tinto said it will increase the output at its main Pilbara mines by 23% to 283 million tons and raise it to 353 million tons by the first half of 2015. It will reach 450 million tons by 2016 with Canada and new projects in Guinea together.
Though the world the largest buyer of iron ore, China, may face the slower demand from lower economic growth, iron ore makers, including BHP Billiton, Vale, and Anglo American have still kept raising output.
News Date
5/24/2012 2:29:32 PM
reported by
Judy Lin
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