Rio Tinto Expects a Year-on-Year Growth of 8% by 2015

Mining giant Rio Tinto is expecting a year-on-year growth of 8 percent by 2015 due to on-track greenfield projects and production expansion. The company said China is stimulating economic growth amid universe process of turning to resources-intensive economy, bringing prospects for international commodity markets. Tom Albanese, chief executive of the company, said Rio Tinto’s assets have boosted almost 50% to US$15 billion mainly due to the acquisition of Alcan in October last year. COPYRIGHT All rights reserved. The copying, republication or redistribution of WAM News Content, including by framing or similar means, is expressly prohibited without the prior written consent of WAM.