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Rio Tinto Says China's Iron Ore Demand Robust, Expects GDP To Grow 8%

SYDNEY -(Dow Jones)- Chinese iron ore demand remains robust, Rio Tinto PLC's (RIO) iron ore chief executive said Thursday, adding that the mining giant continues to expect the world's second largest economy to grow 8% this year. "It is an area of much contention," Sam Walsh said at a Credit Suisse Asia Society function in Sydney, referring to demand levels and sentiment in China. "But in the short term our view is 'steady as she goes'. In the long term, as China continues its urbanization...steel is going to be very important," he said. Iron ore is a key ingredient in steel-making. -By Rhiannon Hoyle, Dow Jones Newswires; 61-2-8272-4625; rhiannon.hoyle@dowjones.com

Stock News for Companhia Vale (RIO)
DateTimeHeadline
08/01/201412:26:48LONDON MARKETS: FTSE 100 Slumps For Third Day As Miners, Banks...
08/01/201412:11:04EUROPE MARKETS: ArcelorMittal, Iliad Slump In Europe; AXA Climbs
08/01/201407:18:12LONDON MARKETS: FTSE 100 Slumps For Third Day As Miners Slump
08/01/201404:25:34LONDON MARKETS: FTSE 100 Falls For Third Day As Miners Slump
07/31/201420:05:20J.P. Morgan Sees Alumina Rally Running Out of Steam -- Market...
07/30/201407:50:04Rio Tinto to Sell Mozambique Coal Assets
07/24/201419:51:34BHP Buyback on the Cards, Says JP Morgan -- Market Talk
07/24/201406:11:21LONDON MARKETS: Kingfisher Leads Losers In London After Trading...
07/24/201406:09:27LONDON MARKETS: Kingfisher Leads Losses In London After Trading...
07/24/201406:09:24LONDON MARKETS: Kingfisher Leads Losses London After Trading...
07/24/201406:09:24LONDON MARKETS: Kingfisher Leads Loses London After Trading Update
07/23/201412:17:37LONDON MARKETS: Glaxo Slides In London After Earnings Warning
07/23/201410:16:22LONDON MARKETS: Glaxo Shares Fall In London After Earnings Warning
07/23/201407:34:21LONDON MARKETS: U.K. Stocks Edge Up After BOE Minutes; BHP Advances
07/17/201406:17:43ASIA MARKETS: Australian Stocks Reach Six-year High
07/17/201402:29:09ASIA MARKETS: Asian Stocks Rise; Australia Hits Six-year High
07/17/201401:46:24EUROPE MARKETS: European Stocks Jump After Strong U.K., Chinese...
07/16/201418:13:56EUROPE MARKETS: European Stocks Climb After Strong U.K., Chinese...
07/16/201403:53:58EUROPE MARKETS: Chinese Growth Data Boost European Resource Stocks
07/11/201407:39:29EUROPE MARKETS: European Stock Markets Climb After Five-day Selloff

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