Business
Rio Tinto to pay out record $9bn in dividends for 2020 – The Guardian
Mining group benefits from iron ore demand and China’s economic recovery
Mining company shareholders have hit paydirt this year after Rio Tinto became the latest miner to reveal an investor windfall of $6.5bn (£4.7bn) following a boom in commodity prices and soaring company share prices.
Rio Tinto, the worlds second largest mining company, reported a 20% rise in underlying profit to $12.4bn after demand for iron ore climbed as Chinas economy bounced back from the coronavirus lockdown last year.
Rio Tintos better-than-expected profits followed a sharp increase in global…
Continue Reading