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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
02/13/201603:02:00Miners, Once Dividend Darlings, Strike Vein Of Austerity
02/12/201603:02:00Commodities Slump Batters Rio Tinto
02/11/201615:44:00Rio Tinto and Indspire launch $2 million award program for Indigenous...
02/11/201615:40:00Rio Tinto et l'organisme pancanadien Indspire lancent un programme...
02/11/201611:18:00Correction to Rio Tinto Likely To Pay Dividend in 2017 Story
02/11/201606:00:00Rio Tinto Likely To Pay Dividend in 2017 But Board to Decide--CFO
02/11/201605:00:00Global Stocks Slide After Fed Sparks Investor Concerns
02/11/201602:40:00Rio Tinto Swings to Annual Loss, Alters Dividend Policy
02/11/201601:44:00Rio Tinto Swings to Annual Loss, Scraps Dividend Policy
02/08/201611:24:00Rio Tinto Full-year 2015 -- Forecast
02/05/201616:02:00Six Members Resign From London Metal Exchange--Update
02/05/201615:50:00Six Members Resign From London Metal Exchange
02/05/201615:37:00Six Members Resign From London Metal Exchange
01/26/201617:25:00Rio Tinto to Sell Mount Pleasant Coal Deposit for US$224 Million...
01/18/201617:18:00Rio Tinto Records 11% Jump in Annual Iron-Ore Shipments
01/14/201611:28:00Rio Tinto Freezes All Salaries Including CEO's for 2016
01/11/201617:53:00Energy Resources of Australia Uranium Output Rises
01/07/201607:10:00Oil and Mining Stocks Drag FTSE 100 Lower
01/06/201605:30:00Global Stocks Pressured by North Korea, China
12/30/201501:06:00Australia Shares Climb to Two-Month High

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