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21 Feb

Rio Tinto’s 2023 net profit drops 19%

Mining giant Rio Tinto on Wednesday reported a 19% year-on-year drop in its 2023 net profit to $10.1 billion, compared to around $12.4 billion in 2022. The company’s underlying earnings for the year reached $11.8 billion, down from $13.4 billion the previous year, primarily due to weaker aluminium prices, Kallanish notes. “We are making clear progress as we shape Rio Tinto into a stronger and even more reliable company,” says Jakob Stausholm, Ri…
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