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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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08/24/201517:37:00ADRs End Lower; Chinese, Commodities Firms Decline
08/20/201505:59:00From Mining to Refining: Low Commodity Prices Force Shift at...
08/16/201522:19:46Is A$100 a Share Cursed? -- Market Talk
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08/11/201517:50:53ADRs End Lower; Miners, Steelmakers Among Decliners
08/06/201504:20:51Commodities Slump Slams Rio Tinto Earnings--Update
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08/05/201522:30:25China Shares Fall; Japan Rises Ahead of U.S. Jobs Data
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07/23/201509:00:00Industrial Metals and Minerals Stocks under Review -- Uranium...
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07/22/201506:50:53Tech, Resources Stocks Weigh on European Markets -- Update
07/21/201503:51:17Australia Shares Extend Gains for Sixth Straight Day
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07/16/201518:01:37ADRs End Higher; National Bank of Greece Declines
07/16/201514:26:21Anglo American Takes up to $4 Billion in Write-Downs -- 2nd Update

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