Rio Tinto (RIO) looks likely to pursue a $5B expansion of its iron ore output in Australia that...

|About: Rio Tinto plc (RIO)|By:, SA News Editor

Rio Tinto (RIO) looks likely to pursue a $5B expansion of its iron ore output in Australia that would increase annual production to 360M metric tons from 290M unless there are significant changes to the global demand-supply situation. Shareholder feedback on whether or not to go ahead with the project has been mixed, based on the potential impact on prices. RIO +1.6% premarket.