27 August 2008
Rio Tinto results
Last week BHP Billiton broke Australian corporate records when it delivered an annual profit of $18 billion. Last night BHP's major rival and takeover target reported a stellar half-year result. Net profits surged by more than 50 per cent to $6.3 billion for the six months to June, thanks to China's insatiable demand for Rio's key product, iron ore, used in steel-making.
Guests
Guy Elliot
Rio Tinto Chief Financial Officer
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