Rio Tinto reports 59% slump in earnings

Global Times Thursday 9th February, 2012

Anglo-Australian mining giant Rio Tinto yesterday unveiled a 59 percent slump in annual net earnings to $5.8 billion and its chief refused his bonus due to write-offs from its aluminium business.An impairment charge of $8.9 billion related to its troubled Alcan assets dug into record underlying earnings of $15.5 billion in 2011, and prompted Rio ch...

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