Rio Tinto (RTNTF.PK,RIO: Quote,RIO.L,RTPPF.PK) said near-term volatility is likely to persist. Tier one assets delivered reliable cash flows and superior performance despite macro volatility. The company added that long-term copper outlook remains positive.
First tier one copper mine Oyu Tolgoi is 85% complete and first commercial production is expected by 2013. It is a world class asset and a top five copper producer and major gold producer, the company stated.
Besides, 51% ownership of Ivanhoe Mines are secured.
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by RTT Staff Writer
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