LONDON, March 3 (Reuters) - Rio Tinto (RIO) RIO.L on Friday announced a 14 percent cut in aluminium production at Gladstone's Boyne Smelters in Australia following a failure to agree a competitively priced power contract.
It said there would be "a significant number of jobs lost". "Boyne Smelters has been working hard to secure a competitive energy deal. Both parties have been negotiating in good faith but ultimately could not reach agreement," Rio Tinto said in an emailed statement.
News: RIO Rio Tinto says Australian aluminium smelter cutting output 14 pct
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