Rio Tinto will lay off staff in Australia to reduce costs

Brazilian miner Rio Tinto said on Monday that it will cut the number of employees at the Argyle diamond mine in western Australia, seeking to save costs and gradually withdraw. Rio Tinto spokesman Bruce Tobin said the Argyle diamond mine is under pressure to increase costs and the company must cut labor costs to continue to operate efficiently. In response to rising commodity prices, mining companies with projects in Australia have begun to reduce costs by delaying or canceling project expansion and layoffs. Rio Tinto had previously announced the abolition of coal mines in eastern Australia and said it would close a coal mine by the end of the year.

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