Rio Tinto: Result 2014

Iron ore delivered sensational results but it wasn't Rio's star performer in 2014: the much-maligned aluminium division is starting to turn.

In a year that saw iron ore prices fall 50%, expectations for Rio Tinto’s full-year result were low. Rio commands the best iron ore mines in the world, its aluminium business is world class and its copper orebodies are outstanding. Yet a business dominated by iron ore couldn’t report anything but lousy results amid plunging prices. Right?

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