Rio’s minerals division sees earnings rise 250%
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...