Rio lifts FY iron ore production

Mining giant unveils record annual iron ore production, shipments; cut exploration by $1bn in 2013.

Rio Tinto (RIO) has set new records for both iron ore production and shipments in the fourth quarter, as it ramps up its expansion capacity across mines.

In the fourth quarter, Rio Tinto's iron ore output (share of production) was 55.51 million tonnes, a 7% increase on the 51.97 million tonnes in the previous corresponding period.

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