<p>Rio Tinto joined other miners today in cutting iron ore production.</p> <p>The company said Pilbara iron ore production would be reduced about 10% a year, with shipments to weigh in at 170m tonnes-175m tonnes, due to less demand. </p> <p>"Operations continue to perform well but demand has continued to decelerate," chief executive Tom Albanese said.</p> <p>"This reduction is a prudent move to align production with revised customer delivery requirements in the light of the fourth-quarter drop in Chinese demand. </p> <p>"We believe this will be a short, sharp slowdown in China, with demand rebounding over the course of 2009, as the fundamentals of Chinese economic growth remain sound." </p> <p>Last week, leading miner Vale said it would cut production by 10%, though BHP Billiton refused, saying it was taking a longer-term view.</p> <p>Smaller firms Brockman and Mt Gibson also changed tack due to new market realities.</p> <br />
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$109,890
2017 OMME MONITOR OMME 2100 EP - 21M TRAILER MOUNTED LIFT
- » Listing Type: Used
Seven Hills, NSW
