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tdp2664 E money daily Bloomberg has reported that Rio Tinto plc (LON:RIO)'s Rossing Mine may not be able to achieve its 2011 Uranium target. Flash Player 9 or higher is required to view the chart Click here to download Flash Player now View the full RIO chart at Wikinvest Rio Tinto plc (LON:RIO) Might Miss Uranium Target According to a report, Rio Tinto plc (LON:RIO)'s Rossing uranium mine, the third-largest worldwide, is likely to miss its 2011 production target of 3,100 metric tons due to heavy rains and a strike. Jerome Mutumba External Affairs Manager, said that, "Rio Tinto plc (LON:RIO) may not be able to meet the production target but we are pushing to do so. Rio Tinto plc (LON:RIO) views the so-called near-term price outlook for uranium as negative as the market remains in surplus until 2014.Spot prices are expected to be volatile and trade around the $50 to $55 range. The long-term price outlook remains positive despite Germany's phasing out of nuclear energy, due to continued China growth. Prices are expected to remain in the $60 to $65 range for now". Rio Tinto plc (LON:RIO) shares stood at 3161.5 at the end of the last trading session. Price History Last Price: 3161.5 52 Week Range: 2,636.50- 6,951.16 Last Vol: 1476338 3 Month Vol: 5736280
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