Heady Days of Mining Boom Over as ‘New Normal’ Reigns, Rio Says

A Komatsu Ltd. dump truck carries raw ore from an open pit at the Oyu Tolgoi copper-gold mine, jointly owned by Rio Tinto Group's Turquoise Hill Resources Ltd. unit and state-owned Erdenes Oyu Tolgoi LLC, in Khanbogd, the South Gobi desert, Mongolia.

Photographer: Brent Lewin/Bloomberg

Rio Tinto Group doesn’t see the good old days of booming commodity prices and record profits coming back anytime soon.

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