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Rio readying for downturn

RIO Tinto doesn’t subscribe to the “stronger for longer” theory currently being bandied around the demand for Australia’s resources, but instead believes the resources sector will remain cyclical with “speed bumps” on the road ahead, acccording to comments today from the company's senior iron ore executive.

MiningNews.Net
Rio readying for downturn

At an address delivered in Perth at a luncheon held by the Committee for the Economic Development of Australia (CEDA), Rio Tinto Iron Ore chief executive Sam Walsh said he believes the industry needed...

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