More cuts needed at BHP and Rio: report

BHP Billiton and Rio Tinto need to make further dramatic cost cuts to their Australian coal operations because they are no longer considered tier one assets, warns Paul Young, senior resources analyst at Deutsche Bank.

More cuts needed at BHP and Rio: report More cuts needed at BHP and Rio: report More cuts needed at BHP and Rio: report More cuts needed at BHP and Rio: report More cuts needed at BHP and Rio: report

The companies need to focus on slashing labour costs and improving productivity across the board to regain its status as global competitive coal producer, he said in a report.

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