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Tom Albanese

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Australian mining giant Rio Tinto posts record $3bn annual loss


Mining giant Rio Tinto has swung to its first full-year loss, hurt by a sharp drop in commodity prices and almost $US14 billion in impairment charges that last month claimed the scalp of its chief executive. Rio Tinto – the world’s second-largest iron ore producer after Brazil’s Vale – reaffirmed plans to cut costs by … Continue reading

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