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BUZZ-Australia's Rio Tinto up; CFO's analyst forum stokes hopes of better cash flows

Reuters - UK Focus

** Rio Tinto (LSE: RIO.L - news) shares gain 1.8 pct

** CFO Chris Lynch's analyst forum stokes hope of better cash flows - analysts

** Citi attended a roundtable analyst forum hosted by the CFO and says iron ore operations have further potential to reduce costs

** Adds capex for projects coming up for approval, like South of Embley in bauxite and Silvergrass in iron ore, should fall significantly

** Citi rates Rio Tinto as "buy" and has a target price of A$58 per share (RM (LSE: RM.L - news) : abhishek.vishnoi.thomsonreuters.com@reuters.net)