The mining giant says it remains cautious about the near term outlook, but cost reductions are continuing and it has made considerable progress in planned assets sell-offs to reduce debt.
Rio Tinto today revealed its global iron ore production rose 12 per cent in the third quarter from the same period a year ago.
Its Australian iron ore output in the September quarter was a record 57 million tonnes, or 46 million tonnes on an attributable basis, and up six per cent on the June quarter and 18 per cent higher from the a year ago.
The strong output prompted the company to increase its calendar 2009 global iron ore output guidance to between 210 million tonnes and 215 million tonnes, from 200 million tonnes previously.
"We are seeing early signs of a recovery in some of our key markets, although we remain cautious about the near term outlook," company chief Tom Albanese said in a statement.
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