Miners Drop as Rio Tinto Plans Dividend Cut Amid Profit Plunge

Updated on
  • FTSE 350 Mining Index Declines as Glencore, BHP retreat
  • Nickel prices drop to the lowest since 2003 in London

Walsh Sees a Tough 2016 For Rio Tinto, Worse Than 2015

Mining shares fell after Rio Tinto Group, the world’s second-biggest metal producer, said it could cut its dividend by as much as half as a collapse in commodity prices ravages profits. Nickel dropped to the lowest since 2003.

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