Rio Tinto halves dividend as falling iron ore price hits profit - Sydney Morning Herald

Mining giant Rio Tinto has reported a 30 per cent fall in half-year profit and halved its interim dividend as commodity prices continue to tumble.

Rio Tinto chief executive Jakob Stausholm says the price of iron ore remains elevated by historical standards despite collapsing by more than half in the past 12 months and pummelling the mining gian… [+1817 chars]

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