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'Resilient' Rio Tinto says performance strong, on track to hit output targets

AFP
October 17, 2012, 5:30 pm TWN

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SYDNEY -- Global mining giant Rio Tinto said Tuesday its business was performing strongly despite global volatility, affirming annual targets and reporting a quarterly record in Australian iron ore output.

Rio said it had achieved a “strong set of results in the third quarter” to the end of September despite falling commodity prices due to slowing in its crucial China market.

“Markets remain volatile, but our business is resilient and our operations are performing strongly,” Rio Tinto chief Tom Albanese said.

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