Aluminium division boost Rio's bottom line

RIO Tinto's aluminium division was the second-biggest contributor to the mining giant's bottom line, its latest results show.

The company posted its equal-lowest underlying profit in five years.

Brisbane Times reports significant falls in the price of iron ore and copper ensured the miner's underlying profit of $US9.3 billion was lower than the $US10.2 billion achieved in 2013, but still higher than many analysts had expected.

On a divisional basis, aluminium was the big improver, climbing above the copper division to be the second-biggest contributor to Rio's bottom line, where it delivered $US1.4 billion to the company's coffers.

The result, released on Thursday, equals the $US9.3 billion underlying profit achieved in 2012, and is otherwise the lowest result since the miner posted a $US6.3 billion underlying loss in 2009.

Gladstone is home to Rio Tinto Alcan's alumina refinery at Yarwun.

Read the full story here.


Fran Underhill: Local author is a force for positivity

Fran Underhill: Local author is a force for positivity

Fran sends a message to children.

No local blood service...

No local blood service...

Emerald local raising awareness on the importance of donating blood.

Council's liveable spaces project focuses on families

Council's liveable spaces project focuses on families

Isaac budget brings lifestyle upgrades.

Local Partners