Chinese Push Rio to Record

Daily MailAugust 04, 2005

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Summary


RIO Tinto gave a Pounds 2bn lift to the mining sector yesterday after unearthing record first-half profits on the back of rampant demand from China.

Chief executive Leigh Clifford said the world's third-largest miner is determined to ramp up production to 'reap the full benefit' of high commodity prices, sending the shares to an all-time high of 1986p.

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Chinese Push Rio to Record

That increa...

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