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Rio spruiks aluminium as capex drops

Company cuts back its spending targets and bets on Amrun.

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

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. In 2016 the figure will stay around $5 billion,...

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