rios blunders in mongolia, guinea and pilbara

In Mongolia:

The open pit is nearly worked out..it was only 20% of the project anyway, But it has cost the Mongolian Government nearly 100% of wat it intended to pay. To get to the other 80% Rio will have to shoulder massive write downs..approaching $5b

In Semendou:
This is an almost impossible project to make money on, Rio faces legal challenges from VALE and Benny to control the other 2 hills and fund connecting infrastructure, at best its a $10billion project with a #20billion dollar spend just to get at it.
Who ever wants to develop Guinea it shouldn't be Rio shareholders...another write for Sam approaching $1 to $2 billion.

In the Pilbara:
As the iron ore price sinks and Rio ramps up stock piling will occur...expect massive job losses shortly.