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| Business Description | |
| Company's activities |
Rio Tinto Limited (RIO) is a diversified mining company holding a portfolio of world class interests in aluminium, copper, diamonds, gold, coal, iron ore and industrial minerals. RIO has operations spanning 6 continents and is the third largest mining company in the world. |
| Strategic Analysis | |
| Analysis of company's stated forward thinking |
Rio Tinto is focused on developing its resource operations globally via acquisitions and organic growth. This strategy has seen Rio make a number of acquisitions across five of its core product groups - aluminium, coal, iron ore, diamonds and industrial minerals. RIO remains a premier mining exposure with world-class assets, many of which are in the lowest cost quartile. RIO does not have the oil and gas or nickel exposure of BHP although it does have lower sovereign risk.Rio Tinto reported a 58.2% increase in net earnings to US$5,215m for the year ended 31 December 2005. Underlying earnings were up 118% to US$4,955m. The company stated strong operational performance enabled record volumes of most products to be delivered. Higher volumes increased underlying earnings by US$1,140m. Cash inflow from operating activities was US$6,943m, compared to US$3,380m in the pcp. Diluted EPS was US381.1 cents, compared to US238.7 cents in the pcp. The company declared final of US41.5cents, compared to US45 cents in the pcp. Rio also declared special dividend of US110cents. |
| Last Financial Year End | |
| Reporting period |
30/12/05 |
| Indices | |
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Data and Analysis provided by Huntley Investment Information Pty Ltd
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