Rio Tinto maps its journey to copper glory | Metals Mine

  • Rio Tinto maps its journey to copper glory

    From thearmchairtrader.com

    Rio Tinto has reported resilient annual results, buoyed by higher copper output and strong operational performance, while reaffirming its commitment to shareholder returns even as net debt rose sharply following a major acquisition. The London-listed miner said underlying earnings were steady at $10.9bn for the year to December 31, as underlying EBITDA climbed 9 per cent to $25.4bn and revenue rose 7 per cent to $57.6bn. Operating cash flow increased 8 per cent to $16.8bn, underpinned by higher production volumes and tighter cost discipline. The company declared an ordinary dividend of $6.5bn, maintaining its payout ... (full story)

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