Rio Tinto reports $8.9 billion in net earnings in H1 2022, announces interim dividend of $4.3 billion

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

The company also reported $8.9 billion in net earnings, 28% lower than 2021 first half, primarily due the movement in commodity prices, the impact of higher energy prices on the company’s operations and higher rates of inflation on its operating costs and closure liabilities. The company also posted $0.3 billion of net cash at 30 June 2022, which compared with net cash of $1.6 billion at the start of the year, reflected the free cash flow of $7.1 billion, offset by $7.6 billion of cash returns to shareholders and the $0.8 billion Rincon acquisition.

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.

First Quantum reports net earnings of $419 million in second quarter, announces dividendA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Crescent Point reports adjusted earnings jump on higher oil prices - BNN BloombergCrescent Point says it had a net income of $331.5 million in the second quarter, down from a $2.1 billion net income for the same quarter last year when earnings were boosted by a large reversal of a non-cash impairment.
Source: BNNBloomberg - 🏆 83. / 50 Read more »