Wednesday 6 May 2015

Otmane El Rhazi : Rio Tinto tipped to stick to no-output cut mantra on iron ore

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Rio Tinto, the most profitable iron-ore producer, is in a strong position to keep its mines running at full tilt, even as rivals BHP Billiton and Brazil's Vale apply the brakes in a market suffering a supply glut. Despite a plunge in ore prices, Rio Tinto is not expected to face pressure from shareholders at its annual general meeting in Perth on Thursday to alter expansion plans.

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