Rio Tinto Posts Worst Profit Since 2004 as New CEO Starts

  • Iron ore, aluminum average prices dropped 14% in first half
  • Jacques took CEO role in July after steering Rio’s copper unit

Rio Tinto CEO Targets Smart, Selective M&A

Rio Tinto Group reported its worst profit since 2004 as depressed prices for iron ore, aluminum and copper eroded earnings at the world’s second-biggest mining company.

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