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Rio Tinto (RIO) says it will continue to cut costs at its Australian mining business, as it...

Rio Tinto (RIO) says it will continue to cut costs at its Australian mining business, as it faces a "complex and volatile" operating environment for the foreseeable future. It also anticipates a long-term reduction in demand for raw materials from China as its economy matures; Chinese economic growth could slip to 5%-6% beyond 2020, down from ~8% now. RIO -1.2% premarket.
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