The borates and talc producing business of Rio Tinto has reported a 12% rise in operating profits for 2010 as end markets continued to recover from the global economic downturn.
Rio Tinto Minerals (RTM) posted an annual operating profit (EBITDA*) of $209m., up from 187m. in 2009, while gross sales revenue rose 15% to $1.02bn.
Rio Tinto said minerals production showed a “healthy recovery” in line with improving global economic...