Markets: Rio Tinto's services surgery

The iron ore miner's determination to cut costs further will cause jitters for partner airlines and other services providers.

If airline and mining services executives listened yesterday to Rio Tinto’s chief financial officer Chris Lynch, they could be forgiven for suppressing a shudder. Lynch is embarking on further surgery in order to get $US5 billion of cost cuts this year and next. He has already made $US977 million in operating cost savings in the first six months of 2013. 

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