Rio Tinto

Rio Tinto, which is listed in the UK and Australia, currently employs 97,000 people worldwide.
It said it was responding to "the unprecedented rapidity and severity of the global economic downturn".
In the past few months, Rio Tinto has been fending off a takeover approach from rival BHP Billiton, which finally abandoned its offer in November.

Price moves
Rio Tinto said that closing one of its London offices would not necessarily lead to job cuts. Less than 2% of its workforce are based in the UK.
It said that the job cuts would comprise 8,500 contractors and 5,500 employees.
As a global miner, Rio Tinto is very sensitive to commodities prices and exchange rates.
It benefited from soaring metals prices in the first half of the year, but has since suffered as they have fallen back.
But falling oil prices have been good news for it - a $1-a-barrel fall in the price of oil adds about $11m to the group's earnings.
Debt problems
Rio Tinto's shares ended Wednesday trading up 256 pence to just above £15, although they are still well off the year's high above £70 a share.
Analysts say the level of its debt has been one of the factors depressing the company's value.

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