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Rio Tinto full-year profit jumps 69%; announces US$1b buyback

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Rio said it expected to complete its latest buyback of Rio Tinto Plc shares by the end of this year. It maintained its 2018 capital expenditure forecast at around US$5.5 billion.

Bengaluru

GLOBAL miner Rio Tinto said on Wednesday that its full-year profit rose 69 per cent in 2017, boosted by higher prices for commodities such as iron ore and coal, announcing an additional US$1 billion share buyback and a record dividend.

Underlying earnings for the 12

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