RIO rio tinto limited

Oct 17 (Reuters) - Global miner Rio Tinto Ltd (RIO) on Tuesday...

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    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.

 
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