Australia-based miner Rio Tinto has announced its financial results for 2022.
The company posted a net profit of $12.42 billion for the year, due to the impact of higher energy and raw material prices, and higher rates of inflation, compared to $21.09 billion in the previous year. In 2022, the company’s consolidated sales revenues decreased by 12.5 percent to $55.55 billion compared to 2021. The company’s underlying EBITDA in the given period totaled $26.27 billion, decreasing by 30.3 percent year on year.
In the given year, Rio Tinto’s Scope 1 and 2 emissions were 30.3 million mt, down by seven percent compared to 2018. The company aims to reduce its Scope 1 and 2 emissions by 15 percent by 2025 and 50 percent by 2030.
Rio Tinto’s Pilbara iron ore shipment guidance for 2023 is in the range of 320-335 million mt.
