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Rio optimistic despite the squeeze

AN OVERALL decline in COVID-19 cases at some operations is easing the labour squeeze Rio Tinto has been facing and operational performance strengthened in the June quarter on the back of first Pilbara Blend ore from Gudai-Darri.

Karma Barndon
Rio releases 3rd quarter results

Rio releases 3rd quarter results

However, the miner is battling rising inflationary costs that have led to its earnings being cut by about US$400 million compared with the first half of 2021, and crippling market conditions that have...

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