Rio Tinto earnings rise to US$10.34bil


BENGALURU: Anglo-Australian miner Rio Tinto posted its best underlying earnings since 2011 on higher iron ore prices, but warned that the coronavirus outbreak could hurt business in the short term.

The coronavirus outbreak has weighed on China’s economy and BHP Group warned earlier this month that demand this year could take a hit if the fallout extended beyond March.

5.5 PAYDAY OFFER: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Asia bond bonanza
Oil market rattled by UAE exit
Japan's Nikkei rises on tech rally, stronger yen lifts JGBs
Indonesia to cut ride-hailing companies' maximum commission taken from drivers to 8%
Take Five: Sell in May? Let's find out
Asia shares find hope in tech resilience, oil off peak
SME Corp empowers digitalisation, automation of MSMEs
Yayasan Peneraju fast-tracks SPM leavers into chartered accountancy
ANZ says Australia likely to avoid recession; flags prolonged impact of Middle East war
Japan's factory activity growth hits 4-year high on stockpiling, PMI shows

Others Also Read