Rio Tinto H1 results show markets starting to stabilise

By Siobhan Lismore-Scott
Published: Thursday, 07 August 2014

The group has delivered wholly positive results, with increases starting to be seen in key markets. Rio Tinto remains confident that demand will return to the TiO2 and zircon market and is seeking good demand for its borates products.

Rio Tinto today posted a year-on-year (y-o-y) 17% decrease in earnings in its diamonds and minerals segment in H1 2014, which accounts for its titanium dioxide (TiO2), borates and salt businesses.

The company attributed the slide in earnings, to $160m, to tax settlements in Rio Tinto Diamonds. If those were...

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