Rio Tinto today reported a 59% decrease on net earnings year on year for 2011, to $5.8bn, but a EBITDA* increase of 10% over the same time period, to $28.5bn.
In its borates arm the company posted a $55m fall in net earnings year on year, to $144m. EBITDA* was up 14% year on year, meanwhile, to $239m. Sales revenue fell to $901m - a 11% fall.
RTIT, the company's titanium dioxide (TiO2) arm, meanwhile posted a gain of 19% year on year in sales...