NEW YORK: The world’s biggest mining companies are about to start revealing how much cash they’re churning out from this year’s commodity boom. Look out for record profits followed by eye-watering dividend payouts.
The top-five western diversified miners may have earned a combined US$85bil (RM359.25bil) for the first half of the year, according to analyst estimates, more than double the level from a year ago. Rio Tinto Group, the first to report on Wednesday, is expected to announce US$22bil (RM92.98bil) of profit for the six months, on a par with its total for all of 2020.