麻豆约拍

The mining giant Rio Tinto has decided to make a massive investment in new iron ore production in Australia. The move comes despite a huge surplus of iron ore in world markets, and the firm reporting its worst results in more than a decade. Rio Tinto's first half profits were only half as big as last year, amid challenging conditions in commodity markets. It cut nearly $600m of costs in the same period. The 麻豆约拍's Russell Padmore has been speaking to the firm's new chief executive, Jean-Sebastien Jacques.

(Picture: A Rio Tinto operated mine in Mongolia. Picture credit: Getty Images.)