Reuters reported that Rio Tinto Limited is running its Australian operations at maximum capacity to meet strong demand for the steel making raw material.

Mr Tom Albanese CEO of Rio Tinto said that long term demand for iron ore remained strong, especially from China. Rio Tinto's major iron ore operations are in the Pilbara region of Western Australia.

He said that "Over the next five years China is expected to consume more iron ore than Australia exported throughout its history.”

(Sourced from Reuters)