Thursday 7 May 2015

Otmane El Rhazi : Walsh defends Rio Tinto’s iron-ore strategy

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Mining major Rio Tinto CEO Sam Walsh on Thursday denied suggestions that the company was responsible for a “perceived market dislocation” by continuing to bolster iron-ore production in a weak market. Speaking at the company’s annual general meeting, in Perth, Australia, Walsh stated that Rio had maintained its market share of 20% for the past decade, despite investments into its Pilbara infrastructure.

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