Australia-based miner Rio Tinto has announced its financial results for the first half this year.
The company has posted a net profit of $4.94 billion for the given half, compared to $9.44 billion in the same period of the previous year. In the first half this year, the company’s consolidated sales revenues decreased by 10.4 percent to $26.66 billion compared to the first half last year due to lower prices. The company’s underlying EBITDA in the given period totaled $11.73 billion, decreasing by 24.8 percent year on year.
Rio Tinto’s Pilbara iron ore shipment guidance for 2023 has remained at 320-335 million mt, subject to weather and market conditions.
The company aims to reduce Scope 1 and 2 carbon emissions by 50 percent by 2030.