Rio Tinto posts $3bn loss in 2012 as the company's chloride slag is brought offline; Sam Walsh pledges "unrelenting focus" "The market for both titanium dioxide (TiO 2 ) and zircon started the year strongly, with prices high, demand robust and the outlook positive," the company explained.
Commenting on the $3bn loss and the writedowns, chairman Jan du Plessis said that "these writedowns are deeply disappointing. In particular the substantial impairment of our Mozambique coal business is unacceptable. There clearly is a need for greater discipline, in particular in the way we manage capital in Rio Tinto."
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