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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
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04/29/201512:29:31LONDON MARKETS: FTSE 100 Slides Amid Global Growth Worries
04/29/201509:19:02Rio Tinto plc Rating Reiterated by Barclays (RIO)
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04/27/201509:33:47Rio Tinto plc's "Buy" Rating Reiterated at Deutsche Bank (RIO)
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04/24/201512:36:12LONDON MARKETS: FTSE 100 Advances As HSBC Shares Jump
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