The Australian reported that cost cutting around the globe by Rio Tinto and BHP Billiton continues with the pair cutting 400 jobs or 75% of the workforce at their USD 6 billion plus Resolution copper JV in Arizona.
The cuts at the Rio operated project will slash the budget at the project from USD 200 million a year to USD 50 million.
Source:
http://www.steelguru.com/metals_news/BHP_and_Rio_slash_400_jobs_in_Arizona_copper_venture/294106.html
