Rio Tinto Says Well Positioned For Consumer-driven Growth

(RTTNews) - Miner Rio Tinto Plc. (RTPPF.PK, RIO.L, RIO, RTNTF.PK) Monday said it is well positioned for consumer-driven growth, supported by increasing per capita incomes in emerging economies. Expanding Chinese urban middle class is fuelling consumer-driven growth, while uranium growth is mainly driven by reactor build in China.

The company further said it is extremely well positioned to continue delivering cash flow. According to the firm, cost and productivity improvements will enhance structural position as demand returns and grows.

Regarding the Diamond, the company said the underground production continues at Diavik and Argyle volumes ramping up. Diamonds business is well positioned to take advantage of medium term recovery.