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Rio ups dividend as free cash falls

Rio Tinto will hand more cash back to shareholders but has also flagged M&A as a focus in its half-year results.

Rio ups dividend as free cash falls Rio ups dividend as free cash falls Rio ups dividend as free cash falls Rio ups dividend as free cash falls Rio ups dividend as free cash falls

Rio Tinto got a step closer to giving Koodaideri the green light. It says the Pilbara iron ore project will be an 'intelligent' mine

The company reported underlying earnings of $4.4 billion, below UBS' forecast of $4.6 billion but up 12% year-on-year, underlying EBITDA of $9.2 billion, up 2%, and EBITDA margin of 43%.