Mining the depths - Rio Tinto hit by US$3 billion full year net loss

Rio reported a net loss of US$3bn in the year to December after taking impairments of US$14.4bn on its aluminium businesses as well as coal assets in Mozambique. Underlying earnings fell 40 per cent to US$9.3bn on the back of weaker commodity prices ... READ MORE

Released by the Financial Times - 14 February 2013