Rio Tinto to slash $5bn of costs in two years
Published: Thursday, 29 November 2012
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Anglo Australian miner Rio Tinto Plc will be reducing its costs by $5bn during the next two years, Tom Albanese, CEO, told analysts.
The cost reductions will be made chiefly through increased innovation and automation although volume will also be a factor", Guy Elliott, CFO, added.
The company will...