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Rio Tinto Announces to be Well Positioned to Sustain Strong Returns

31 Oct 2019  |  17:53:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Rio Tinto well positioned to sustain strong returns

Rio Tinto announced that it is well positioned to continue generating strong returns, building on a track record of $32bn returned to shareholders since 2016, and the significant progress achieved in strengthening the resilience and sustainability of the business. The Company updated that its chief executive J-S Jacques and members of his executive team will outline how the quality of the Company's portfolio, strong customer relationships and capital discipline positions the company for continued strong financial performance, as demonstrated by free cash flow of $10bn in 2019 calculated at current spot prices. As reported, the Company has reduced its emissions-intensity footprint by almost 30% since 2008 and over 70% of its electricity comes from renewable sources.

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