SYDNEY, Oct 9 - World No. 2 iron ore miner Rio Tinto Ltd <RIO.AX><RIO.L> will continue to sell iron ore into spot markets despite a recent drop in prices, a company spokesman said on Thursday.

Rio has already sold almost 10 million tonnes of ore at spot so far in 2008, with plans to sell about 5 million tonnes more by the end of December, he said.

The price of Indian iron ore sold on the spot market in China -- a key indicator -- is around $95-100 a tonne, CFR (cost and freight), which is below the benchmark contract price for similar quality Brazilian and Australian ore.

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