SOURCE: Industrial Info Resources

Industrial Info Resources

February 10, 2012 06:30 ET

Rio Tinto Boasts Strong Iron Ore Profits in 2011, Despite Setbacks in Aluminum Segment, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Feb 10, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading international mining group Rio Tinto plc (NYSE:RIO) (London, England) reported record adjusted earnings for 2011, as higher prices and a strong performance by the Iron Ore segment were offset by an $8.9 billion impairment charge in the Aluminum segment that depleted the officially reported net earnings. The company also was affected by high cost inflation, which has impacted the global mining industry as a whole. Net earnings were reported to be $5.83 billion, compared with $14.24 billion for 2010.

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