Rio Tinto Brushes Off Weak Prices for Shiny Profits in 2014, Lowers 2015 Capex to $7 Billion
SUGAR LAND--February 13, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Leading international mining group Rio Tinto plc (NYSE:RIO) (London, England) reported strong earnings growth for 2014, despite sharp drops in iron ore and other commodity prices. The company attributed the gains to intensive cost-cutting and stronger sales volumes. Industrial Info is tracking about $45.5 billion in active projects involving Rio Tinto.
Within this article: Details on Rio Tinto's quarter and projects, including the modernization and expansion of the company's aluminum smelter in British Columbia.
