Iron ore helps Rio Tinto to bumper half-year profit | Bangkok Post: news

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Iron ore helps Rio Tinto to bumper half-year profit

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Anglo-Australian mining giant Rio Tinto said Thursday its first-half net profit more than doubled to US$4.4 billion, driven by surging iron ore shipments as it continued a cost-cutting programme. 

Remote-controlled stackers and reclaimers move iron ore to rail cars at Rio Tinto's Port Dampier operations in Western Australia's Pilbara region on March 4, 2010

The bumper result in the six months to June 30, a strong rise from the US$1.72 billion net profit recorded in the first-half of 2013, came despite softening commodity prices.

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