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Rio Tinto Reaffirms Confidence In Outlook For Demand

MELBOURNE -(Dow Jones)- Rio Tinto Ltd. (RIO), one of the world's largest mining companies, told investors Thursday that it is slightly more confident about the outlook for commodities demand. Chairman Jan du Plessis said short-term volatility is expected, but the company is well prepared to weather this. "Overall, we are somewhat more confident than six months ago," du Plessis told the company's annual shareholders meeting in Brisbane. "Over the longer term, we continue to believe the outlook remains strong, with demand for many of the products we produce expected to double over the next 20 years." The chairman said that while growth in China--the world's biggest consumer of steel, iron ore and a number of other commodities--has slowed, it remains favorable when compared with global economic growth. At the same time, there are promising signs of a recovery in the U.S. that has improved the global picture compared with half a year ago, he said. However, du Plessis said Europe remains a concern. "Whilst the European Central Bank has in recent months managed the sovereign debt crisis in Europe well, recent events have shown that the situation is clearly not resolved and the potential for contagion continues to linger," he told the meeting, which was webcast. -By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094; robb.stewart@dowjones.com

Stock News for Companhia Vale (RIO)
DateTimeHeadline
12/08/201615:10:00Asian Firms Pledge Loyalty to Paris Accord on Climate
12/07/201616:40:00Glencore, Qatar Buy Stake in Russian Oil Producer Rosneft
12/01/201603:30:00Rio Tinto Probed by SEC Over Mozambique Impairment
11/24/201600:20:00Rio Tinto Underspends Already-Low Forecast
11/24/201600:12:00Rio Tinto Cuts Capital Spending Budget, Deepens Productivity...
11/23/201617:54:00Rio Tinto Cuts Capital Spending Budget, Deepens Productivity...
11/23/201606:58:00Rio Tinto to Sell Scottish Aluminum Assets for $410 Million
11/17/201620:19:00Government of Guinea Raises Concerns Over Rio Tinto Consultant...
11/17/201617:20:00Probe Over Payments Led Rio Tinto to Fire Top Officials
11/17/201612:12:00Rio Tinto's West African Bet Comes Back to Haunt It--Update
11/16/201618:10:00Rio Tinto Terminates Executives Over Simandou Investigation
11/16/201616:45:00IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces an Investigation...
11/16/201615:55:00EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities...
11/16/201613:17:00SHAREHOLDER ALERT: Goldberg Law PC Announces an Investigation...
11/16/201612:36:00SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces...
11/16/201612:20:00SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On...
11/08/201621:00:00Rio Tinto Executive Suspended Amid Payments Probe
11/08/201617:54:00Rio Tinto Alerts Authorities Over Simandou Emails
11/06/201621:27:00Rio Tinto Says Annual Diamonds Tender Gets Record Average Price
10/28/201606:45:00Rio Tinto to Sell Stake in Guinean Simando Project to Chinalco

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