February 7, 2018, the global mining giant Rio Tinto announced its full-year 2017 results, revenue and profits surge.

- Feb 24, 2018 -

February 7, 2018, the global mining giant Rio Tinto announced its full-year 2017 results, revenue and profits surge.


According to Rio Tinto's annual report, in 2017 the company's combined sales revenue of 40 billion US dollars, an increase of 6.2 billion over 2016; net profit of up to 8.8 billion US dollars, compared with 4.6 billion in 2016 increased by 90%. In the meantime, Rio Tinto's cash flow from operations was as high as 13.9 billion U.S. dollars in 2017, a record high for 10 years, while the annual dividend payment of 5.2 billion U.S. dollars also set a new historical record.


Rio Tinto is an international mining group headquartered in London, UK, integrating exploration, mining and processing of mineral resources. Its main products include iron ore, aluminum, copper, diamonds and coal. The company's manufacturing operations around the world, the main assets are located in Australia and North America.


JS Jacques, Rio Tinto CEO, said: "The data released today represent the company's outstanding performance with a cash flow of $ 13.9 billion and a full-year dividend of $ 5.2 billion, setting a new record. In addition, we also The additional $ 1 billion stock repurchase will bring the total cash return to shareholders as of 2017 to a total of 9.7 billion U.S. dollars. "


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