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Australia At Risk With Rio Tinto Manpower Downsizing

Global Anglo-Australian mining giant Rio Tinto PLC will be conducting a manpower downsizing at its Clermont mine in Queensland, Australia, set off by a double whammy rising domestic costs and continued lower world prices in the Asian market.

"A review is underway and although the details are to be worked out, it will unfortunately mean redundancies will be required," a spokesman for Rio Tinto PLC said in an emailed statement. "We do not take this decision lightly."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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