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Markets

Rio first half underlying earnings down 34pc

Published August 8, 2012 Updated August 8, 2012 07:13am

rio-34SYDNEY: Anglo-Australian mining giant Rio Tinto on Wednesday said underlying earnings for the first half dropped 34 percent to US$5.2 billion on-year, blaming falling commodity prices.

"We have been signalling for some time that markets would remain volatile and we have seen challenging conditions in the first half," said chief executive Tom Albanese.

Copyright AFP (Agence France-Presse), 2012

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