Miner Rio Tinto dips into red and cuts back investments

British-Australian Rio Tinto exits 2015 with a major deficit and once again cuts back the group's investments in ordinary mining operations, according to the annual report on Thursday.

Photo: PR-foto

The mining majors are struggling under the currently depressed commodity prices, and British-Australian Rio Tinto - headquartered in London - is no exception, as evident from the company's annual report, published on Thursday.

The report shows a large deficit, a changed dividend policy and - once again - lowered investments in ordinary mining operations in light of still-sluggish market prospects. However, the underlying operations were solid last year - also compared to analysts' expectations.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs