Rio Tinto flags Oyu Tolgoi job cuts

Miner says deteriorating industry conditions behind move; adds a board member.

Rio Tinto (RIO) will cut jobs at its Oyu Tolgoi copper and gold mine in Mongolia as deteriorating industry conditions and continued market volatility weigh on the miner, The Australian Financial Review reports.

According to the newspaper, an internal email to staff from Oyu Tolgoi president Craig Kinnell said the it would remove a number of roles from the operation following a cost cutting review.

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