27
Jul
09:44
Rio Tinto profit falls on lower commodity prices
Rio Tinto's net earnings for the first half of 2022 fell 28% to $8.9 billion from $12.3 billion a year ago, due to falling commodity prices, higher energy costs for its operations and higher inflation, Kallanish notes.
The world's biggest iron ore producer, however, is still paying its second-highest ever interim dividend of $4.3 billion, a 50% pay out, in line with its policy.
The group's underlying earnings slipped 29% to $8.6 billio…
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Anonymous
Very good overview of the weekly steel market.
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