MELBOURNE (Reuters) - Global miner Rio Tinto , saddled with almost $40 billion in net debt, announced plans on Wednesday to cut capital spending, slash jobs and boost asset sales but said it would hold its dividend steady.
"Rio Tinto has announced a detailed package of measures in response to the unprecedented rapidity and severity of the global economic downturn, which has caused sharp falls in commodity prices and a significantly weaker outlook," the company said.
Rio
(Reporting by Sonali Paul, Editing by Mark Bendeich)
