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Rio Tinto's rewind to 2004 shows it's a victim of own success

Its US$90b investment on expanding output over the past decade backfires as China's economy sputters
Friday, August 5, 2016 - 05:50

London

RIO Tinto Group has to work twice as hard to turn the profit it did a decade ago.

Back in 2004, the world's second biggest mining company produced about 60 million tonnes of iron ore and reported underlying earnings of US$1.3 billion in the second half of the year. Now it

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