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. 


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles