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Global Wrap: Teck, Cliffs and more

IN <i>Global Wrap</i>: Teck the latest major to announce cost-cutting, job losses; Cliffs idles iron ore capacity; Rio inks major farm-in; and Lucara recovers massive diamond.

Kristie Batten
Global Wrap: Teck, Cliffs and more

Teck Resources has announced $US650 million in cost reductions and the elimination of 1000 jobs in response to weak commodity prices. The cost reductions will be achieved through $350 million of capital...

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