Business & Finance
Rio Tinto first-half earnings more than doubles
- It beat a consensus of $12.01 billion from 14 analysts compiled by Vuma
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.
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It beat a consensus of $12.01 billion from 14 analysts compiled by Vuma.
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