The world's second-biggest mining group, Rio Tinto, has announced plans to slash its costs by $5bn (£3.2bn) over the next two years.
The cuts come as slowing global demand and a fall in commodity prices have hurt profits at mining firms.
There have been concerns that demand for commodities may dip further in wake of economic problems in the US and Europe and slowing growth in China.
Other miners, including BHP Billiton, have also announced cost-cutting plans.
http://www.bbc.co.uk/news/business-20536842
The cuts come as slowing global demand and a fall in commodity prices have hurt profits at mining firms.
There have been concerns that demand for commodities may dip further in wake of economic problems in the US and Europe and slowing growth in China.
Other miners, including BHP Billiton, have also announced cost-cutting plans.
http://www.bbc.co.uk/news/business-20536842
