Rio's mining services surgery

Rio's results point to more pain for mining services and airlines.

If airline and mining services executives listened yesterday to Rio Tinto’s (RIO) 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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