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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
04/25/201511:00:0310 Most Profitable Companies in Commodities
04/24/201512:36:12LONDON MARKETS: FTSE 100 Advances As HSBC Shares Jump
04/24/201506:59:12LONDON MARKETS: FTSE 100 On Track For A Weekly Advance; HSBC...
04/24/201504:12:46LONDON MARKETS: FTSE 100 Rises, On Track For A Weekly Advance
04/23/201513:24:28LONDON MARKETS: FTSE 100 Turns Higher As Miners Climb
04/23/201513:18:57LONDON MARKETS: FTSE 100 Turns Higher As Miners Climb
04/22/201509:22:04Rio Tinto plc Receives Outperform Rating from BNP Paribas (RIO)
04/22/201500:39:18BHP Iron Ore Output Rises Despite Glut Fears
04/21/201512:22:18LONDON MARKETS: FTSE 100 Rises As Sky Shares Jump, But Rio Tinto...
04/21/201509:34:46Rio Tinto plc Stock Rating Reaffirmed by JPMorgan Chase & Co...
04/21/201509:25:24RBC Capital Reaffirms "Sector Performer" Rating for Rio Tinto...
04/21/201509:22:53LONDON MARKETS: FTSE 100 Rises As Sky Shares Jump, But Rio Tinto...
04/21/201504:17:08LONDON MARKETS: FTSE 100 Climbs As ARM, Sky Bounce Higher
04/21/201503:37:27Rio Tinto plc Lowered to Equal Weight at Barclays (RIO)
04/21/201500:00:19Rio Tinto Iron-Ore Shipments Set to Rise
04/20/201523:54:04Rio Tinto Iron-Ore Shipments Set to Rise After Weak Start to...
04/20/201522:50:55Rio Tinto Quarterly Iron-Ore Shipments Fall
04/20/201518:00:30EUROPE MARKETS: European Stocks Buoyed By China Stimulus Move;...
04/20/201517:59:57LONDON MARKETS: Miners Lead Gains On FTSE 100 As China Aims To...
04/20/201517:34:32LONDON MARKETS: Miners Lead Gains On FTSE 100 As China Moves...

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