Mining Boom Truly Over: Rio Tinto Posts First Ever Loss!

(News Article direct from Yahoo!7 News on 14 February 2013.)





RIO TINTO
POSTS FIRST LOSS, PAYS NO MINING TAX. Rio Tinto has posted its first loss under
its current corporate structure after recently writing $US14.4 billion off the
value of some of its assets.



The world's third biggest mining company reported a $US3
billion loss for 2012, down from a $US5.8 billion profit the year