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Miner Rio Tinto dips into red and cuts back investments

British-Australian Rio Tinto exits 2015 with a major deficit and once again cuts back the group's investments in ordinary mining operations, according to the annual report on Thursday.

Photo: PR-foto

The mining majors are struggling under the currently depressed commodity prices, and British-Australian Rio Tinto - headquartered in London - is no exception, as evident from the company's annual report, published on Thursday.

The report shows a large deficit, a changed dividend policy and - once again - lowered investments in ordinary mining operations in light of still-sluggish market prospects. However, the underlying operations were solid last year - also compared to analysts' expectations.

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