Rio Tinto is pressing ahead with plans to expand its iron ore business despite concerns about a slowdown in China. Our biggest iron ore producer has shrugged off pessimism over a slowdown in the economic growth of its major customer.
Rival BHP Billiton said this month it would not spend the $80 billion it had planned for growth projects up until 2015.
See http://www.news.com.au/business/companies/for-rio-optimism-is-made-in-china/story-fnda1bsz-1226366402834.