Posted on 15 Jan 2009
Rio Tinto reported an 18 percent drop in fourth-quarter iron ore output, while sales from its
The world's fourth-biggest diversified mining group by market value met its target for annual iron ore shipments from the Pilbara mines in
It had flagged in November it would lower its annual iron ore production rate by 10 percent, cutting its annual shipments target to between 170 million and 175 million tonnes.
Fourth quarter output in other key commodities also fell with the global economic downturn crimping sales.
