Rio Tinto says iron ore growing, sees shorter pricing methods

Global miner Rio Tinto said on Monday its iron ore business was set to grow substantially over the next five years and it saw current price weakness accelerating moves to shorter-pricing methods.

Rio Tinto Chief Executive Tom Albanese, in a presentation, also said industrial production in China remained robust.

(Reporting by Narayanan Somasundaram; Editing by Ed Davies)