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Record iron ore sales at Rio

Rio Tinto, the Anglo-Australian miner, announced record iron ore sales of 60 million tonnes in the third quarter, as the company worked at full capacity to satisfy China and other fast-growing economies.

The results were welcomed by the markets as evidence that global juggernaut economies were not slowing down as much as they had feared. Rio confirmed its iron ore production target for the year at 240 million tonnes.