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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: JDN who wrote (23144)	9/10/1998 5:11:00 PM
From: Nanchate	Read Replies (1) of 31646

Rio Tinto Achieves Robust First Half 1998 Earnings LONDON--(BUSINESS WIRE)--Sept. 10, 1998--Rio Tinto plc (NYSE: RTP) today announced results for the first half of 1998. Rio Tinto achieved net earnings of $551 million in the first half of 1998, 7 per cent lower than the $595 million in the comparable 1997 period. The cost to earnings of the significant fall in commodity prices between the two periods was $278 million. -0- *T "Among projects underway in Australia, the Weipa bauxite upgrade project is nearing completion, development of the Yandicoogina iron ore mine is progressing well towards start up next year and construction of the Hail Creek coal project has been approved. The Jacobs Ranch coal mine in the US Powder River Basin, acquired in July, has now been integrated into Kennecott Energy. The Escondida copper mine expansions in Chile remain on budget and schedule for start up late this year. Overall exploration expenditure has been reduced following the refocusing of efforts. In the Technology group, work is progressing well on the Group wide purchasing initiative and Year 2000 compliance."

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