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Rio Tinto to Cut Costs, Jobs at Australia Coal Mine

By Robb M. Stewart MELBOURNE--Rio Tinto PLC (RIO) expects to cut jobs at a coal mine in Australia's northeastern Queensland state as it seeks to reduce costs after being hit by significantly lower prices for thermal coal, a spokesman for the company said Thursday. "A review is underway and although the details are to be worked out, it will unfortunately mean redundancies will be required," the spokesman said. Write to Robb M. Stewart at robb.stewart@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Companhia Vale (RIO)
DateTimeHeadline
03/27/201705:20:00Savannah Reports Maiden Resource Estimate for Ravene Deposit
03/10/201705:00:00Indonesian Ministry of Energy and Mineral Resources strongly...
03/09/201703:57:00Rio Tinto Chairman Jan du Plessis to Step Down -- Update
03/09/201703:07:00Rio Tinto Chairman Jan du Plessis to Step Down
03/09/201703:00:00BT Appoints Rio Tinto's Jan du Plessis as Its Next Chairman
03/08/201719:26:00Rio Tinto Chairman to Stand Down - Report
02/24/201702:04:00Australia Stocks Led Lower by Miners
02/22/201703:02:00Commodities Report: Mining Back to Unearthing Profit -- WSJ
02/21/201716:26:00Mining Companies Soar Back to Profit--3rd Update
02/21/201712:29:00Mining Companies Soar Back to Profit--2nd Update
02/21/201703:02:00Copper's Shine Returns Mining Firms Ride Copper Copper Pays Off...
02/19/201709:43:00Mining Giants Ride Copper's Wave
02/09/201717:28:00Shell CFO Among 3 Directors Named to Rio Tinto Board
02/09/201710:52:00Workers at BHP Billiton Copper Mine In Chile Go On Strike...
02/08/201705:16:00Rio Tinto Rewards Investors After Return to Profit
02/08/201701:42:00Rio Tinto Returns to Profit, Plans Share Buyback
02/07/201720:28:00Workers at World's Biggest Copper Mine Prepare for Strike
02/07/201700:34:00Rio Tinto Gifts Bunder Diamond Project to Government of Madhya...
02/04/201718:15:00Rio Tinto, Other Miners Get Pickup From Prices
02/04/201707:29:00Rio Tinto, Other Miners Get Pickup From Prices

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