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coolshivers wrote: Rio Tinto Reports Record Profit And Announces $9.1 Billion Dividend Payout Rio Tinto (NYSE:RIO), the world's biggest iron ore miner, reported its highest-ever profit and announced that it will pay $9.1 billion U.S. in dividends. Rio Tinto reported first-half earnings that more than doubled to $12.2 billion U.S. from the same period last year as prices for iron ore and copper surged. The dividend payout, which includes a special one-time payment of $3 billion U.S., is more than the mining giant returned to shareholders for all of 2020 and higher than analysts' forecast. The company also announced that it plans to spend $2.4 billion U.S. to build a lithium mine in Serbia. The investment reflects an ongoing push by the world's biggest mining companies into future facing commodities such as battery metals and fertilizer.
Rio Tinto (NYSE:RIO), the world's biggest iron ore miner, reported its highest-ever profit and announced that it will pay $9.1 billion U.S. in dividends.
Rio Tinto reported first-half earnings that more than doubled to $12.2 billion U.S. from the same period last year as prices for iron ore and copper surged. The dividend payout, which includes a special one-time payment of $3 billion U.S., is more than the mining giant returned to shareholders for all of 2020 and higher than analysts' forecast.
The company also announced that it plans to spend $2.4 billion U.S. to build a lithium mine in Serbia. The investment reflects an ongoing push by the world's biggest mining companies into future facing commodities such as battery metals and fertilizer.
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