RIO TINTO ACHIEVES EBITDA OF 15.6 BILLION DOLLARS

The multinational Rio Tinto has just obtained an ebitda of 15.6 billion euros, according to the results published by the company for the second quarter of the year.

Rio Tinto CEO Jakob Stausholm said after the results were released: “We remain focused on delivering on our long-term strategy, with steady improvement in operating performance and some notable progress on our growth agenda. We continued to strengthen our partnership with the Mongolian government following the start of subway mining at Oyu Tolgoi, delivered the first iron ore from the Gudai-Darri mine and approved the financing of the first works at the Rincon lithium project.

“Market conditions were good, although below last year’s record levels. We delivered largely flat production and solid financial results, with underlying EBITDA of US$15.6 billion, free cash flow of US$7.1 billion and underlying earnings of US$8.6 billion, after taxes and government royalties of US$4.8 billion. As a result, we are paying our second highest interim dividend in history of 4.3 billion, a 50% payout, in line with our policy. The market environment has become more challenging at the end of the period,” he added.

In this regard, the CEO adds that they are committed to making a lasting and long-term change in culture, including our workplace culture, and to building better relationships with indigenous peoples, communities and partners. “The progress we are making will ensure that we continue to deliver attractive returns to shareholders, invest in maintaining and growing our portfolio, and make a broader contribution to society in the drive towards net-zero carbon emissions,” he concluded.