Rio Tinto nearly double net profit growth in 2010

 Rio Tinto 2010 net profit reached 143 billion U.S. dollars, compared with 4.9 billion dollars in 2009 increased 194%

new network】 【Choi (reporter Zhang Boling) benefit from strong market demand for commodities, the global One of the three mining giant Rio Tinto in 2010 net profit reached 143 billion U.S. dollars, compared with 4.9 billion dollars in 2009 increased 194%.

According to Rio Tinto Feb. 10 earnings announcement, due to earnings than expected, shareholders of Rio Tinto has decided to distribute dividend of 63 cents per share, and commitment to the end of 2012 a 50 billion share repurchase.

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Chinese market demand for commodities is the driving force for expanding the primary cause of record performance. To iron ore, for example, in 2010 Rio Tinto iron ore operations in the income of 24.024 billion U.S. dollars last, an increase of 90.7%; iron ore 10.2 billion profit, up 47%.

Rio Tinto said the growth was mainly due to iron ore business since April 1, 2010 start of the new settlement of annual iron ore prices rose sharply and production and sales increased significantly.

jumped while Rio Tinto profit, financial situation has been greatly improved, net debt over the same period from 2009 to 189 billion dollars to 43 billion U.S. dollars.

Rio Tinto chief executive Tom Albanese (Tom Albanese) said that in the group diversified portfolio, to achieve the growth performance of the company, a series of projects to promote sustainable growth of enterprises, including the Canadian aluminum smelter modernization and expansion plans.

Rio Tinto have begun to build Australia's largest integrated mining projects. 2013, Rio Tinto will make Australia and Pierre Bala mine production reached 283 million tons of iron ore, and then continue to complete development of Phase II of the project, to yield 333 million tons in 2015 to reach the level.

in the copper-gold project, Rio Tinto and Ivanhoe companies through (Ivanhoe) reached a new agreement, is to take over management in Mongolia's Oyu Tolgoi (Oyu Tolgoi) copper-gold project, and Shares held by Ivanhoe agreed to gradually increase to 49%.