Rio spruiks aluminium as capex drops

RIO TINTO has cut back its capital expenditure targets and talked up the future of its aluminium and bauxite businesses.

Rio spruiks aluminium as capex drops Rio spruiks aluminium as capex drops Rio spruiks aluminium as capex drops Rio spruiks aluminium as capex drops Rio spruiks aluminium as capex drops

Ship being loaded at Rio Tinto Weipa operations with bauxite stockpiles in the background.

In an update late yesterday the company said capital expenditure in calendar 2015 would be about $5 billion, down from previous guidance of $5.5 billion.

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