Capped their IO expansions - confirmed no more to come - "for now". Fell short of max capacity anyway.
IO being RIO'S core business - does not say much for the rest of their business when suffering a net loss for 2015 while FMG continued to cut costs - assess & implement new strategies - make a substantial profit that allowed pay down of debt in 2015 and even better for the 2016 financial year.
Advantages of a single commodity focused company - all efforts/resources totally focused and committed to success.
Iron Ore Price, page-7572
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