Listed Mining Companies
By: Reuters
2nd November 2009
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MELBOURNE – Rio Tinto, the world's second-largest iron-ore miner, said Chinese demand for iron-ore remains strong and major producers are unlikely to meet all the demand.
"We are still seeing a very robust market in China," Sam Walsh, head of the group's iron-ore arm, told investors at a briefing in Sydney.
He said iron-ore stocks in China, on land and in floating storage, had started falling in September.
Rio last month raised its iron ore production target for this year to 210-million tons to 215-million tons, based on strong demand.
Edited by: Reuters
