Otmane El Rhazi : Rio Tinto says to ship 240mt iron-ore to China in 2015

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Australian mining giant Rio Tinto expects to deliver 240-million tonnes of iron ore to China this year, up from 200-million tonnes in 2014, the company's China managing director told reporters on Friday. Ren Binyan said at a press briefing that the company had driven down its production costs to $16.20/t this year, down $2 from last year, enabling it to cope with falling prices.