Rio Tinto Minerals’ profits down

By Mark Watts
Published: Thursday, 11 February 2010

Annual earnings drop 9%, hit by lower sales for borates and talc

Rio Tinto Minerals (RTM), the industrial minerals business of Rio Tinto PLC, posted a 9% drop in net earnings for 2009 to $78m. due to a sharp drop in sales volumes.

 

The borates and talc producer’s sales fell 17% to $882m., with higher...

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