Despite Large Earnings Drop, Rio Tinto Continues Substantial Project Spending
Despite Large Earnings Drop, Rio Tinto Continues Substantial Project Spending
SUGAR LAND--August 21, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Global miner Rio Tinto plc (NYS:RTP) (London, England) recently reported half-year financial results for the 2009 fiscal year. Falling metals prices helped contribute to decreased net earnings for the company, which at $2.5 billion, were down 65% from the first half of 2008.
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