With demand slowing, Rio Tinto said it would cut 14,000 jobs in the latest sign of woe in the mining industry.

With demand slowing, Rio Tinto said it would cut 14,000 jobs in the latest sign of woe in the mining industry.

With demand slowing, Rio Tinto said it would cut 14,000 jobs in the latest sign of woe in the mining industry.

Rio Tinto said it would eliminate 14,000 jobs in the latest sign of contraction in the mining industry.

As banks slam the brakes on lending, companies and consumers are slamming on the brakes, too.

The world’s largest mining company abandoned its hostile bid to acquire its rival Rio Tinto, citing turmoil in the financial markets and regulatory concerns in Europe.

The world’s largest mining company abandoned its hostile bid to acquire its rival Rio Tinto, citing turmoil in the financial markets and regulatory concerns in Europe.

BHP Billiton said that European regulators had highlighted antitrust problems with its hostile bid for Rio Tinto, a merger that would create the world’s largest iron ore miner.

The global mining company said net income had more than doubled to $6.9 billion in the period, lifted by booming Asian demand for iron ore and the acquisition of Alcan.

The global mining company said net income had more than doubled to $6.9 billion in the period, lifted by booming Asian demand for iron ore and the acquisition of Alcan.