Piles of iron ore at Cape Lambert
BENGALURU: Rio Tinto on Wednesday posted a 20% jump in annual underlying earnings and declared a bumper dividend as iron ore prices soared on top consumer China's infrastructure push to support an economic rebound from a coronavirus-led slump.
Underlying earnings for the year ended Dec. 31 rose to $12.45 billion from $10.37 billion a year earlier, beating analysts' estimates of $12.02 billion, according to Refinitiv IBES data.
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