Rising prices boost Rio Tinto’s H1 earnings
Published: Wednesday, 02 August 2017
Bauxite and alumina business on the up; activity in borates and TiO2 also increasing, while salt output fell.
Rio Tinto's net earings almost doubled in the first half of
2017 against the previous year, following a rebound in
commodities prices and market demand.
The mining company will deliver about $3bn back to
shareholders, in the form of a $2bn dividend and a $1bn share
buyback. This represents about...