Rio Tinto (RIO) is committed to cutting capex and operating costs and selling non-core assets...


Rio Tinto (RIO) is committed to cutting capex and operating costs and selling non-core assets while ramping up production, CEO Sam Walsh says. Rio previously announced plans to cut its operating cost base by $3B by the end of 2014 and is on track to cut $2B this year alone, Walsh says, and is targeting a $750M reduction in exploration and evaluation costs this year. RIO -3% premarket.

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  • Jeff CA
    , contributor
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    I heard today that rio had another mine failure, the last I heard there is 40 workers trapped in a copper mine.
    14 May 2013, 07:17 PM Reply Like
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