Equities

Reuters first on mining industry's biggest 2008 stories

Reuters first on mining industry's biggest 2008 stories

After beating rivals on Nov. 24 with news that BHP Billiton was scrapping its $66 billion bid for rival miner Rio Tinto, Reuters was first again on Dec. 10 with market-moving news on Rio Tinto’s sweeping job and spending cuts. The news fuelled a 20 percent rally in Rio Tinto`s shares and cut the cost of protecting its debt on the credit default swap (CDS) market.