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Rio Tinto Annual Report 2008

Saturday, 25 July 2009

Rio Tinto Annual Report 2008Rio Tinto is a leading international business involved in each stage of metal and mineral production. The Group combines Rio Tinto plc, which is listed on the London StockEx change, and Rio Tinto Limited, which is listed on the Australian Securities Exchange. We aim to operate as a seamless organisation that maximises the benefits of standard and shared approaches for every activity.

We find, mine and process the Earth’s mineral resources that fulfil vital consumer needs and improve world living standards. We produce aluminium, copper, diamonds, coal, iron ore, uranium, gold and industrial minerals (borates, titanium dioxide, salt, talc). With production mainly in Australia and North America, we operate in more than 50 countries and employ about 106,000 people.

We promote health, safety, and sustainable development wherever Rio Tinto operates. The health and safety of our employees, and a contribution to sustainable development, are key priorities. We work as closely as possible with host countries and communities, respecting their laws and customs and ensuring a fair share of benefits and opportunities.

The Group’s objective is to maximise its value and the long term return delivered to shareholders by finding, mining and processing natural resources across the globe.

Our proven strategy to achieve this goal is to invest in large, long term, cost competitive mines and businesses.

Download Rio Tinto Annual Report 2008

PDF format, 10MB, 184Pages.

HIGHLIGHTS
Record underlying EBITDA of US$22,317 million, 60 per cent above 2007

EBITDA of US$23,870 million was 75 per cent higher than 2007 Record underlying earnings of US$10,303 million, 38 per cent above 2007

Net earnings were US$3,676 million, 50 per cent below 2007

Cash flow from operations up 64 per cent to a record of US$20,668 million

Annual production records set for iron ore, bauxite, alumina, on a like for like basis

Record net capital expenditure of US$8.5 billion, a 71 per cent rise over 2007

Ordinary dividend for the 2008 year maintained at 136 US cents

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