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

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.


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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