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Rio Tinto thumbs up for the US, thumbs down for SA

A lot can happen in a minute in mining as Rio Tinto demonstrated earlier today in separate stock-exchange announcements that delivered good news for its US employees and a “capital flight” warning for South Africa.

Rio Tinto thumbs up for the US, thumbs down for SA Rio Tinto thumbs up for the US, thumbs down for SA Rio Tinto thumbs up for the US, thumbs down for SA Rio Tinto thumbs up for the US, thumbs down for SA Rio Tinto thumbs up for the US, thumbs down for SA

Richards Bay in South Africa

The good news was confirmation that the big Anglo-Australian miner will invest US$1.5 billion to extend the operations of its 116-year old Kennecott copper business in Utah for another 13 years.