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Rio looks to the future

IT has been a tough six months for Rio Tinto, with profits battered, iron ore price talks with China limping along, imprisoned employees and the company shedding 16,000 jobs. Now the major miner is looking cautiously to the future.

Kate Haycock
Rio looks to the future

The company yesterday announced its first-half profits for 2009 slumped 65% to $US2.5 billion ($A3 billion), down from $7 billion in the previous corresponding period. While the drop in profits was blamed...

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