Further Supply Disruptions to Boost Near-Term Iron Ore but Declining Steel Demand in China Looms
Dividends dominated Rio Tinto’s 2018 result. The company paid a USD 2.43 per share special dividend with the proceeds from its earlier asset sales. Most of this was from the exit of coal with Rio Tinto now completely out. The final dividend USD 1.80 per share brought the full year pay out to USD 5.50 including the special dividend. The financial position is very strong. Rio had USD 0.3 billion net cash at the end of 2018. On an adjusted basis, net debt is USD 8.0 billion after including the upco...Rio Tinto is a mining group based in the United Kingdom and Australia. Co. is engaged in the business of finding, mining and processing mineral resources. Co.'s major products are iron ore, aluminium, copper, diamonds, coal, uranium, gold and industrial minerals (borax, titanium dioxide and salt). Co.'s activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and Africa. Co.'s operations comprise four principal product groups - Iron Ore, Aluminium, Copper and Diamonds, and Energy & Minerals.
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