Business
Rio Tinto downgrades iron ore again – Mining – The Australian Financial Review
Rio Tinto has made it a hattrick of iron ore export downgrades after lowering its target for the third successive year.
The company also downgraded expectations for its Canadian iron ore business on the back of labour and equipment shortages, reduced its copper target because of an outage at its Kennecott mine in the US, while longer than expected maintenance work in Queensland…
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