RIO rio tinto limited

Rio Tinto reports changes in Ore Reserves

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    Rio Tinto’s (ASX:RIO) annual report released today shows an operating cash generation of $US 13.9 billion and a reduced net debt of $US3.8 billion.

    The report shows a record full year dividend of $US5.2 billion and an additional $1 billion share buy-back.

    This brings the total cash returns to share holders to $9.7 billion for 2017.

    An additional buy-back of $US 1 billion in Rio Tinto plc shares are set to be completed by the end of 2018.

    A generated operating cash flow of $US13.9 billion, underlying EBITDA of $18.6 billion and a ten year record margin of 44 per cent.

    The report shows significant changes in estimates of Ore Reserves and Mineral Resources across a number of their sites for the rest of the year.

    Meanwhile, the company is set to invest growth in Silvergrass, Amrun and Oy Tolgoi projects.

    Rio Tinto (ASX:RIO) are trading 1.19 per cent lower at $76.92.
     
 
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