| 06.02.2009 - Rio still seems to lack clear plan to cut its $39bn debt |
| From Mineweb.com: Global miner Rio Tinto still lacks a clear plan to cut its whopping $39 billion debt load, even after backpedalling last week and admitting it was considering an equity cash call. Even if Rio opts for the rights issue, it will still have to offload around $2 billion worth of assets to meet its goal of paying down $10 billion of debt by the end of this year, analysts and dealmakers say..... Full Article: Source |