Rio Tinto to lose money on declining iron ore price

Source: Bloomberg
Rio Tinto Group, a multinational mining company, announced on Wednesday that it is expects the iron ore price to decrease slightly the next year. This year, the iron ore price surged 22%. Sales of this material make the biggest part of company's revenue and the company may lose a part of it the next year. Today, Rio Tinto Group Plc. shares are adding 0.25% to 3,263 pence by 14:00 GMT in London.

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