Rio Tinto makes more than $4 billion
Sunday, February 5, 2006 Rio Tinto Group, the world’s third-largest miner, say they will return a record annual profit of over AU$5.32 billion to shareholders, following surging commodity prices – doubling the group’s profit. Earnings from operations jumped 118 percent last year. The London-based company unveiled a net profit of 58 per cent on the previous year. The result was boosted by increases in commodity prices driven by demand from China. Chinese interests account for…