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Jan Du Plessis

Rio in no rush to reach 360mt

Rio Tinto reaffirmed today plans to continue its brownfield iron ore expansions in the Pilbara but has noted all new mine developments are still on hold, leaving a question mark over when it will reach its 360 million tonnes per year production target.

Rio extends Walsh's contract

Rio Tinto chief executive officer Sam Walsh and chief financial officer Chris Lynch have both had their contracts with the mining giant extended to open-ended tenures.