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Stock Market & Financial Investment News

News Breaks
May 28, 2014
06:25 EDTRIORio Tinto to cut 300 jobs at Mongolia copper mine, Reuters reports
Rio Tinto plans to cut around 300 jobs at its Oyu Tolgoi copper and gold mine in Mongolia, reports Reuters. According to an Oyo Tolgoi employee who declined to be named, the company sent a memo to its staff that said "Given where we are now in the lifecycle of our project and the urgent need to reduce our costs, it is critical to the success of the business to address this now." Reference Link
News For RIO From The Last 14 Days
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February 11, 2016
07:20 EDTRIORio Tinto CEO sees mining pressure extending to majors, Bloomberg says
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05:53 EDTRIORio Tinto halts progressive dividend policy due to market uncertainty
With the continuing uncertain market outlook, the board believes that maintaining the current progressive dividend policy would constrain the business and act against shareholders' long-term interests. The company is therefore replacing the progressive dividend policy with a more flexible approach that will allow the distribution of returns reflect better the company's position and outlook. For 2016, Rio Tinto intends that the full year dividend will not be less than $1.10 per share.
05:52 EDTRIORio Tinto to cut operating costs by further $1B in 2016 followed by $1B in 2017
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February 4, 2016
11:21 EDTRIOOptions with increasing call volume; FMC HST XME RIO BHP PAY DNDK BSX ALLY SWFT

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