Rio Tinto Limited
(ASX:RIO) has grown its iron ore and coal production in the first quarter of the 2015 financial year.
The global miner boosted global iron ore output by 12 per cent to 74.7 million tonnes, but missed analyst expectations of up to 82.7 million tonnes.
The company also increased global iron ore shipments by 9 per cent to 72.5 million tonnes over the March quarter.
Looking ahead Rio Tinto says it will focus on protecting margins in the face of declining prices and maximising returns for shareholders throughout the cycle.
Rio Tinto reported a net profit of $7.92 billion in the 2014 calendar year.
