Rio chief shrugs off iron ore pessimism

Rio chief shrugs off iron ore pessimism

AAP Rio Tinto chief executive Sam Walsh has shrugged off pessimistic iron ore forecasts, saying there will be a happy ending for the steel-making commodity. While some smaller producers might go to the wall, Mr Walsh said it was important for Rio to see its 10-year expansion come to fruition. "Looking at the iron ore story, it will have a happy ending," Mr Walsh told a Melbourne Mining Club dinn…

Australian Markets

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