Rio Tinto follows big mining peers in posting profit slide – BNN Bloomberg

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Rio Tinto Group became the latest mining major to post a slide in annual profit as the industry grapples with weaker demand from its top customer China. The world’s biggest iron ore miner posted an underlying profit of $10.9 billion, 7.6% lower than a year earlier. It will pay a final dividend of $2.25 per share compared with $2.58 in the year..