Before we begin, I acknowledge and pay my respect to all traditional owners and First Nations people that host our operations around the world. I am today in the United States, so we're doing results a little differently this year.

The London-listed group, which is a leading iron ore and aluminium producer, said underlying earnings fell 7 per cent to $10.9bn during 2024. However, net earnings, which take into account impairments and asset disposals, rose 14 per cent compared with the previous year to hit $11.6bn.

Japanese trading house Mitsui & Co said on Wednesday it would acquire a 40% stake in the Rio Tinto-operated Rhodes Ridge iron ore project in Western Australia for $5.34 billion, to strengthen its long-term earnings base.

Rio Tinto’s annual profit dipped 8 per cent to $US10.9bn due to weaker iron ore prices with the miner declaring a smaller final dividend as it flagged a production hit from a series of cyclones in the Pilbara.

Underlying earnings totaled $10.87 billion, down 7.6% year over year. Analysts expected underlying earnings of $11 billion

By Clara Denina, Melanie Burton and Himanshi Akhand LONDON/MELBOURNE (Reuters) - Rio Tinto does not support a push by some shareholders to consolidate the company's dual-exchange share listing in Sydney,

Rio Tinto Group became the latest mining major to post a slide in annual profit as the industry grapples with weaker demand from its top customer China.

Rio Tinto Ltd (ASX:RIO) has today declared that, despite a weaker iron ore price, its financials for the year ended December 31 were strong. The heavyweight mining company has reported an underlying profit after tax of US$10.