Rio Tinto reports half-year net earnings of $5.1B, notes 'softer' market conditions

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Rio Tinto reports half-year net earnings of $5.1B, notes 'softer' market conditions RioTinto

- Global mining giant Rio Tinto announced today that for the six months ended June 30 2023 , the company's net earnings amounted to $5.1 billion, down 43% compared to HY22 .

The company also reported underlying EBITDA of $11.7 billion and underlying earnings of $5.7 billion in HY23, leading to an interim dividend of $2.9 billion, a 50% payout, in line with its practice."We will continue paying attractive dividends and investing in the long-term strength of our business as we sustain and grow our portfolio, while contributing to society's drive to net zero," it added.

Previously, the company reported that in HY23, it produced 160.5 million tonnes of iron ore , 290 thousand tonnes of mined copper , 25.6 million tonnes of bauxite , and 1,598 thousand tonnes of aluminium .

 

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