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Rio cuts production, quiet on expansion

RIO Tinto is confident about the future demand from China for iron ore despite announcing it would scale back production at its operations in the Pilbara by 10 per cent. The company would not directly comment on future expansion plans, including the proposed expansion of its Pilbara facilities to 320 million tonnes by the end of 2012, it only said it would continue to reassess its larger projects.

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