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Rio Tinto (ASX:RIO) (LSE:RIO) plans to halve capital spending to $8 billion (£4,881,025,015.25) by 2015 from last year's level to cut debt, in the latest move by a major miner to slash outlays as commodities prices remain fragile. The cuts are sharper than some investors had expected and deeper than those made by Rio Tinto's major rivals. Just last week Rio Tinto said it would delay the ... Read News
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