Published: February 10, 2012

Rio Tinto Boasts Strong Iron Ore Profits in 2011, Despite Setbacks in Aluminum Segment, an Industrial Info News Alert

Share This Story

Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading international mining group Rio Tinto plc (NYSE:RIO) (London, England) reported record adjusted earnings for 2011, as higher prices and a strong performance by the Iron Ore segment were offset by an $8.9 billion impairment charge in the Aluminum segment that depleted the officially reported net earnings. The company also was affected by high cost inflation, which has impacted the global mining industry as a whole. Net earnings were reported to be $5.83 billion, compared with $14.24 billion for 2010.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showAbstract.jsp?newsitemID=197261&refer=marketwire, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.