Calgary Herald

rio Tinto chief sees robust demand


MINING • The rio Tinto group is speeding its investment­s in iron ore and aluminum in Canada because the long-term trend in global demand is robust despite Japan’s nuclear disaster, the Mideast turmoil and Europe’s debt crisis, Tom Albanese, Rio Tinto Group’s chief executive, said Wednesday. But the speed at which Western government­s dismantle their post-2008-recession stimulus programs may spur short-term volatility and wide swings in commodity prices, he said.

 ??  ?? Tom albanese
Tom albanese

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