| 16.01.2009 - Rio Tinto considers cutting output further |
| From WSJ: Rio Tinto is considering another wave of production cuts and asset sales as the world's economy shows no solid sign of recovering. The Anglo-Australian miner cut fourth-quarter production of its core product, iron ore, by 18% in response to sagging demand from steelmakers. Meanwhile, prices for aluminum have fallen drastically, requiring an inventory write-down to reflect the drop. Copper profit also has been hit because of falling demand and prices..... Full Article: Source |