Rio retains positive outlook despite increasing costs

MINING goliath Rio Tinto has raised concerns over higher costs squeezing margins but remains upbeat over the long-term demand prospects for its businesses.

Rio retains positive outlook despite increasing costs Rio retains positive outlook despite increasing costs Rio retains positive outlook despite increasing costs Rio retains positive outlook despite increasing costs Rio retains positive outlook despite increasing costs

In its 2011 annual report, Rio chief executive Tom Albanese said costs had been rising which in turn was making investment and operations more expensive.

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