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BUZZ-Australia's iron ore producers rebound on China rate cut

Reuters - UK Focus

** Shares (Frankfurt: DI6.F - news) in Australian iron ore producers rebound from multi-year lows on expectations the surprise rate cut in China will drive up demand and stop price fall

** Rio Tinto Ltd (Xetra: 855018 - news) up 4 pct at A$58.54 ($50.83) and BHP Billiton (NYSE: BBL - news) higher 4 pct at A$32.95 after both hit lowest close since July 2013 on Friday

** Fortescue Metals Group Ltd up 9 pct at A$2.92 after hitting its lowest close since 2009 on Friday

(1 US dollar = 1.1517 Australian dollar)