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PrintRio Tinto PLC /quotes/zigman/182541/quotes/nls/rio RIO -2.50% has raised doubts over further major expansion of its iron ore operations in Australia, as rising costs and calls for higher returns to shareholders lead to a more cautious approach, the Australian reported Monday.
Rio Chief Executive Tom Albanese said in a May 15 presentation in Miami that the company will, given certain constraints, "probably pause for breath" once it reaches its target of 353 million metric tons a year production capacity, the newspaper reported.
Albanese said at that point the company will seek further "debottlenecking."
The London-based company had planned to add a further 100 million tons to production when the current board-approved program was complete. （Source：MarketWatch）
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