Rio Tinto Increases Iron Ore, Coal Reserves in Australia
March 03 2016 - 4:17AM
Dow Jones News
By Alex MacDonald
LONDON--Mining giant Rio Tinto PLC (RIO) said Thursday it has
increased it iron ore reserves in Western Australia and increased
its coal reserves and resources in the Australian states of New
South Wales and Queensland.
The company said its iron ore reserves in Australia increased by
309 million metric tons in 2015 from a year earlier. This includes
reserves depleted during the year. Its coal reserves increased to
2.5 billion tons from 2.1 billion tons during the same period.
Total coal resources, excluding coal reserves increased to 6.81
billion tons as of December end from 5.42 billion tons a year
earlier.
-Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
March 03, 2016 04:02 ET (09:02 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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