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Rio Tinto banking on China rebound as profits drop 34%

Cecilia Jamasmie | August 08, 2012 | 5:53 pm Top Companies Asia Australia China Europe Iron Ore 

Giant miner Rio Tinto (LON:RIO) is closing down its Blair Athol coal mine in Australia as the company considers whether to limit spending on new projects next year, after reporting a 34% fall in underlying profits for the first half...

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