Rio Tinto posts record earnings, buoyed by high ore prices | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

MELBOURNE, Feb 27 — Australia-based mining giant Rio Tinto on Wednesday reported record earnings of US$21.4 billion (RM90 billion) last year, on the back of soaring iron ore prices and solid demand from China. Earnings were up 72 per cent versus 2020, reaching the highest levels in Rio’s...

MELBOURNE, Feb 27 — Australia-based mining giant Rio Tinto on Wednesday reported record earnings of US$21.4 billion last year, on the back of soaring iron ore prices and solid demand from China.

Rio Tinto chief executive Jakob Stausholm cited “significant price strength for our major commodities,” as he announced a record dividend to shareholders.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Public Investment Bank: Malaysia’s CPI seen expanding 2.4pc in 2022 | Malay MailKUALA LUMPUR, Feb 25 — Malaysia's Consumer Price Index (CPI) is expected to remain encouraging in 2022 with a projected expansion of 2.4 per cent year-on-year (y-o-y), thanks to a full year impact of full economic reopenings, aided by favorable oil price movement. Public Investment...
Source: malaymail - 🏆 1. / 86 Read more »