Rio Tinto: Result 2013

It may not look like it, but this was an excellent result. Rio's transformation back to its former self continues.

It’s more than half a decade since Rio Tinto made its infamous decision to acquire Alcan at the top of the cycle. The move still haunts the company. Although Rio’s full-year profit of US$3.6bn was better than last year’s loss, it was again riddled with impairments (US$3.4bn) and currency losses (US$2.7bn).

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