Rio Tinto misses profit view on iron ore challenges
Rio Tinto has reported flat annual earnings that missed expectations as its mainstay iron ore business suffered from lower prices, which were offset by a strong performance from its copper division.
The world’s largest iron ore producer posted underlying earnings of $US10.87 billion ($A15.43 billion) for the year ended on December 31, unchanged from a year earlier and below the Visible Alpha consensus of $US11.03 billion.