Oct 17 (Reuters) - Global miner Rio Tinto Ltd (RIO)
on Tuesday said third-quarter iron ore shipments from Australia rose 6 percent from a year ago, aided by improved rail capacity. Rio Tinto, which competes with Vale SA
and BHP Billiton (BHP) in the seaborne-traded iron ore market, maintained its target to ship 330 million tonnes of the steel-making material in 2017, maintaining its ranking as the world's No. 3 supplier. Shipments from its Australian mines totaled 85.8 million tonnes in the third quarter compared with 80.9 million in the same period a year ago, Rio Tinto said. UBS had forecast third-quarter Australian shipments of 84.6 million tonnes.
News: Rio Tinto Q3 iron ore shipments climb 6 pct on lift in rail haulage
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