July 29, 2020

Rio Tinto sees profits slide, but eyes $2.5bln dividend

Sydney (AFP) – Rio Tinto reported a 20 percent drop in first-half net profits Wednesday, as the coronavirus pandemic tempered global mineral prices.The mining giant’s US$3.3 billion net profits, down from US$4.1 billion the year before, were largely in line with estimates, despite a 12 percent drop in cash generated from operations — in part on weaker aluminium and copper prices.”We have been agile and adapted our way of working, to deliver another resilient performance while navigating the new and ongoing challenges of dealing with COVID-19,” chief executive Jean-Sebastien Jacques told inves…

source https://this.kiji.is/en/661108324094182497?c=648607265489716321

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