Rio Tinto to slash $5bn of costs in two years
Published: Thursday, 29 November 2012
Titanium dioxide rise to continue; sodium borates to see short supply by 2014
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...