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Rio warns of Palabora loss

RIO Tinto's 49.2% owned subsidiary Palabora Mining has warned it expects 2003 earnings to be down...

Greg Tubby

The group produced 21,983 tonnes of ore a day in the December quarter, and 22,603t in the final month alone, compared with the target of 30,000tpd. The shortfall was blamed primarily on the delayed undercut...

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