The Chairman of the Board of Directors of Rio Tinto, Simon Thompson, noted in a letter to shareholders, “The year 2018 will be full of challenges for Rio Tinto.”
Due to international trade disputes and geopolitical risks, operational costs in the mining sector are likely to grow this year. Thompson added that Rio Tinto invested 1.2 billion USD in the Oyu Tolgoi project in 2017, bringing the total investment to 7.2 billion USD since 2010.
In 2017, Rio Tinto earned a net profit of 8.6 billion USD, an increase of 69 percent compared to 2016. The company distributed 83 percent of its net profit as dividends in 2017.
The Chairman of the Board of Directors of Rio Tinto, Simon Thompson, noted in a letter to shareholders, “The year 2018 will be full of challenges for Rio Tinto.”
Due to international trade disputes and geopolitical risks, operational costs in the mining sector are likely to grow this year. Thompson added that Rio Tinto invested 1.2 billion USD in the Oyu Tolgoi project in 2017, bringing the total investment to 7.2 billion USD since 2010.
In 2017, Rio Tinto earned a net profit of 8.6 billion USD, an increase of 69 percent compared to 2016. The company distributed 83 percent of its net profit as dividends in 2017.