Rio Tinto set iron ore production record in Q4

Rio Tinto set iron ore production record in Q4

Rio Tinto has announced that its iron ore production grew to a record 61 million tonnes in Q4 2009, up 49% year-on-year.

Copper production also grew 36% year-on-year, while gold production grew by 141%. Australian thermal coal production grew 5%, but Australian hard coking coal production declined 2%.

The company also said it had entered into deals for asset sales totaling $7.2 billion during 2009, of which $3.6 billion had been completed during the year. The company also realised $741 million during the quarter from an IPO of its Cloud Peak operations.

RIO shares have risen 2.9% today to $79.33.

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Tags financial resultsminingRio Tinto

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