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Business & Finance

Rio Tinto first-half earnings more than doubles

  • It beat a consensus of $12.01 billion from 14 analysts compiled by Vuma
Published July 28, 2021
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Rio Tinto said on Wednesday first-half underlying earnings more than doubled, as the global miner benefited from a surge in iron ore prices on strong demand from China for the steel-making commodity.

Underlying earnings for the world's top iron ore producer in the six months ended June rose to $12.17 billion from $4.75 billion a year earlier.

Rio Tinto may face a fine when Australia cave inquiry reports on Weds

It beat a consensus of $12.01 billion from 14 analysts compiled by Vuma.

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