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DewDiligence

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DewDiligence

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Re: DewDiligence post# 7736

Wednesday, 12/04/2013 9:24:53 PM

Wednesday, December 04, 2013 9:24:53 PM

Post# of 30542
More on Rio Tinto’s reduced cap-ex budget:

http://online.wsj.com/news/articles/SB10001424052702304854804579235362464146786

Rio Tinto will slash its capital-expenditure budget to US$8 billion in 2015 from about $14 billion this year and $11 billion in 2014, Chief Executive Sam Walsh said at an investor briefing in Sydney.

Rio Tinto is the world's second-biggest producer of iron ore. Mr. Walsh [CEO] said the company's 2012 spending of more than $17 billion would now likely be "a peak for all time."

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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