Seeking Alpha

"The theme for this year, next year, and probably the extended period beyond ... will be...

"The theme for this year, next year, and probably the extended period beyond ... will be everything having to do with cost control," says Rio Tinto (RIO) CEO Tom Albanese, as his company aims to cut $5B in operating costs by the end of 2014. Commodity prices are weak, yes, but in just 5 years, Australia has gone from being among the cheaper places to operate to the most expensive.
Comments (1)
  • @tsxpro
    , contributor
    Comments (5) | Send Message
     
    Interesting comments, same could be said for the Aus energy sector as well.
    29 Nov 2012, 01:58 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector