Anglo-Australian mining company
Rio Tinto has announced that
production of raw materials for
steelmaking in the fourth quarter has increased by 3% following the capacity expansion.
In the fourth quarter ended on December 31, 2004, the company produced 28.9 million tons of
iron ore. The company produced 28 million tons of
iron ore in the three month period ended on December 31, 2003.
Moreover, in the same period,
coking coal production of the company increased by 46% to 1.39 million tons against the figure recorded in the fourth quarter of 2003.
Demand for
steelmaking raw materials has increased considerably as a result of huge steel
consumption in
China.