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Old 15th Aug 2012, 03:42
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pull-up-terrain
 
Join Date: Oct 2011
Location: Australia
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I have a mate who is well positioned within Rio. Big plans underway to start closing some mines and making staff redundant. It won't be formal for a few months yet. They have already announced that Blair Athol is to close by years end. Perhaps JetGo won't need a second aircraft?

With China officially slowing down the inevitable writing is on the wall for some parts of the mining industry.
Not only Rio, i know that Xstrata, Anglo American and Peabody have been pre-warning contractors that there is a high possibility they will not be renewing contracts because they are downsizing their mine sites.
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