Rio’s minerals division sees earnings rise 250%

By Myles McCormick, Davide Ghilotti
Published: Wednesday, 08 February 2017

Higher prices in iron ore and coal offset drop offs in TiO2 feedstocks, zircon, borates and uranium in 2016.

Anglo-Australian miner Rio Tinto Plc reported substantially increased earnings in its Energy & Minerals division, as 2016 saw the segment bring in underlying earnings of $610m, up 249% on 2015 levels.

The company cited "higher volumes, continued momentum in the cost improvement programme and weaker exchange rates" as contributing to the...

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