Mining Shares News Rio Tinto (RIO)

Mining Shares News Rio Tinto (RIO) | ASX RIO | RIO Shares NewsRio Tinto (ASX:RIO) is one of the world’s largest miners, mining and processing a wide range of metals and minerals including all the key base metals, precious metals, diamonds, iron ore and energy products.

The miner is also widely considered among the market’s blue chip stocks.

On 13 April RIO reported its first quarter production numbers.

RIO said wet weather conditions impacted iron ore output, which fell 3% on-year during the quarter.

Coal production was also affected by the flooding and cyclones.  Hard coking coal output declined 12% from the 1Q10.

Mined copper was 14% lower than the prior corresponding period, due primarily to lower grades at Escondida and Grasberg.

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