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Rio Tinto (RIO) expects to cut an unspecified number of jobs across its Australian coal...

Rio Tinto (RIO) expects to cut an unspecified number of jobs across its Australian coal operations, including at its Coal & Allied Industries venture in Hunter Valley, as it struggles against increasing costs and lower coal prices. RIO recently began laying off employees at its Clermont thermal coal operation in Queensland state. RIO -2.1% premarket.
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