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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
04/28/201609:00:00Anglo American to Sell Brazilian Businesses to China Molybdenum...
04/28/201608:37:00Rio Tinto to Buy Back $1.359 Billion Debt
04/27/201619:12:00Rio Tinto Prices Offers for US$1.5 Billion Debt Repurchase
04/21/201613:15:00Rio Tinto Plans to Buy Back $1.5 Billion in Debt -Update
04/21/201609:34:00Rio Tinto Plans to Buy Back $1.5 Billion in Debt due in 2017...
04/19/201618:12:00ADRs End Higher; Mining Firms Rise
04/19/201613:43:00Correction to Rio Tinto Trims Iron-Ore Production Update
04/18/201621:00:00Rio Tinto's Iron-Ore Shipments Fall Sharply
04/18/201619:27:00Rio Tinto's Iron-Ore Shipments ​Fall Sharply
04/18/201604:10:00Oil Prices Fall 5% in Late Asia Trading
04/18/201604:02:00Australia Stocks Pulled Lower by Energy Firms
04/18/201604:01:00Oil Prices Fall 5% in Late Asia Trading -- 3rd Update
04/17/201622:10:00Stocks Fall Sharply in Asia
04/14/201619:21:00Rio Tinto, Sinosteel Sign Iron-Ore Supply Deals
04/14/201603:37:00Rio Tinto Abandons Plan to Revise Supplier Payment Terms
04/13/201618:26:00ADRs End Higher; Steelmakers, Mining Companies Rise
04/09/201605:48:00Rio Tinto Doubles Payment Term to Help Free Up Cash
04/08/201611:00:00Rep. McCarthy Visits Rio Tinto Minerals’ Boron Mine
04/06/201602:12:00Fortescue Sees Strong Iron-Ore Shipments Amid Stable Weather...
03/18/201603:02:00Rio Tinto Shakes Up Management

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