Rio said it was on track to meet its US$2 billion cost-cutting target for this year. Photo: AFP Rio said it was on track to meet its US$2 billion cost-cutting target for this year. Photo: AFP
Rio said it was on track to meet its US$2 billion cost-cutting target for this year. Photo: AFP

Rio Tinto to halve capital spending over next 2 years

Miner cutting costs as mineral prices fall, but CEO remains bullish over long-term prospects

Rio said it was on track to meet its US$2 billion cost-cutting target for this year. Photo: AFP Rio said it was on track to meet its US$2 billion cost-cutting target for this year. Photo: AFP
Rio said it was on track to meet its US$2 billion cost-cutting target for this year. Photo: AFP
READ FULL ARTICLE