Rio Tinto to slash $5bn of costs in two years

By John Ollett
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...

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