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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
09/26/201611:22:00Rio Tinto Launches New Debt Reduction Plan for Up To $3 Billion
09/24/201613:00:00Rio Tinto opens the doors of its modernised smelter to the Kitimat...
09/19/201623:30:00Asia Shares Tread Water Ahead of BOJ, Fed
09/14/201603:14:00Australia Stocks Gain After Four-Session Run Lower
09/11/201623:00:00Asian Shares Slide After U.S. Drop
09/01/201619:19:00Aurizon Names Former Rio Tinto Executive Andrew Harding as CEO
08/30/201601:20:00Asian Shares Rise on U.S. Gains and Higher Commodities Prices
08/29/201600:30:00Stocks in Asia Fall After Comments From Fed
08/19/201600:10:00Asian Shares Down, Though Higher Oil Prices Lift Energy Stocks
08/12/201603:43:00Rio Tinto Iron-Ore Chief Attacks Australian Lawmaker's Proposed...
08/11/201601:20:00Newmont Sees Dividends Rising, Provided Gold Prices Cooperate
08/11/201600:00:00Asian Shares Slide on Slumping Oil Prices
08/03/201605:10:00Rio Tinto Cuts Dividend as Weak Prices Take Toll
08/03/201602:56:00Rio Tinto 1st Half Net Profit More Than Doubles
08/02/201607:37:00Rio Tinto OKs $338 Million to Complete Silvergrass Iron Ore Mine...
08/01/201603:41:00Australia Stocks End Higher, Led by Commodity Shares
07/27/201603:32:00Australia Stocks Close Near Flat After Mixed Inflation Data
07/20/201603:05:00Business Watch -- WSJ
07/19/201619:00:00ADRs End Lower; Ericsson Falls
07/18/201619:28:00Rio Tinto's Quarterly Iron Ore Shipments Rise

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