Rio Tinto slashes dividend as profit plunges on slower China demand

Rio Tinto more than halved its dividend on Wednesday after posting a 38% drop in annual profit, hurt by weaker iron ore prices as demand from China slowed, higher labour and material costs. The Anglo-Australian miner joins other diversified mining companies in reporting lower earnings and…#anglo #rio #refinitiv #jakobstausholm #riotinto #petercunningham #guinea #simandou #argentina #rincon
Source: Reuters: Health - Category: Consumer Health News Source Type: news