A confident Rio Tinto (RTP) doubles its planned 2010 capital spend to at least $5B after it cut...

|About: Rio Tinto plc (RIO)|By:, SA News Editor

A confident Rio Tinto (RTP) doubles its planned 2010 capital spend to at least $5B after it cut debt and saw signs of economic recovery. Rio had planned to cut capex to $2.5B - just enough to sustain current mines. Rio, the world's #3 mining group, says it has cut its debt by 42% so far this year to $22.3B. (statement)