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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
08/21/201406:00:11EUROPE MARKETS: Raiffeisen Rallies, Miners Slip: Europe Movers
08/21/201403:44:17LONDON MARKETS: Miners Slide In London After Weak China PMI
08/18/201417:36:49ADR Shares End Higher; Rio Tinto Shares Trade Actively
08/18/201405:50:39Rio Tinto Weighs Bougainville Copper Stake
08/17/201421:40:23Rio Tinto Reviews Options for Bougainville Stake
08/17/201420:33:15Rio Tinto Reviews Options for Bougainville Copper Stake
08/14/201404:23:25LONDON MARKETS: Banks Rise, Miners Stumble In London Trade
08/13/201412:33:07EUROPE MARKETS: Admiral Drops, E.On Rises In European Trading
08/13/201412:29:15LONDON MARKETS: Pound Hit, U.K. Stocks Up As Rate Hike Appears...
08/13/201411:16:33LONDON MARKETS: Pound Slides, U.K. Stocks Up After Weak BOE Wage...
08/11/201412:51:09EUROPE MARKETS: European Stocks Rise As Ukraine Tensions Ease
08/11/201412:49:43LONDON MARKETS: U.K. Stocks Rise; Rio Tinto Among FTSE Leaders
08/11/201411:09:17LONDON MARKETS: U.K. Stocks Rise As Geopolitical Tensions Ease
08/11/201409:51:05EUROPE MARKETS: Europe Stocks Rise As Ukraine Tensions Ease
08/11/201404:05:32LONDON MARKETS: U.K. Stocks Rise After Reaching Nearly Four-month...
08/08/201412:52:07U.S. Stock Futures Edge Higher
08/07/201413:09:12LONDON MARKETS: U.K. Stocks Pull Back After BOE; Carnival Rises
08/07/201408:47:47LONDON MARKETS: U.K. Stocks Pare Losses After BOE; Rio Tinto...
08/07/201407:08:07LONDON MARKETS: U.K. Stocks Slip Ahead Of Rate Decision; Rio...
08/04/201410:49:17Rio Tinto plc 1st Half 2014 -- Forecast

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