Rio Tinto’s earnings crumble but company remains positive
Published: Thursday, 08 August 2013
Minerals divisions show positive net earnings; zircon production resumes at RBM
Anglo-Australian miner Rio Tinto Plc saw its
bottom line crumble during the first half of this year with net
earnings falling by 71% year-on-year (y-o-y) to $1.72bn.
Rio Tinto was hit not just by lower industrial minerals
prices but also by lower prices for its major metal commodities