Aluminium division boost Rio's bottom line

RIO Tinto's aluminium division was the second-biggest contributor to the mining giant's bottom line, its latest results show.

The company posted its equal-lowest underlying profit in five years.

Brisbane Times reports significant falls in the price of iron ore and copper ensured the miner's underlying profit of $US9.3 billion was lower than the $US10.2 billion achieved in 2013, but still higher than many analysts had expected.

On a divisional basis, aluminium was the big improver, climbing above the copper division to be the second-biggest contributor to Rio's bottom line, where it delivered $US1.4 billion to the company's coffers.

The result, released on Thursday, equals the $US9.3 billion underlying profit achieved in 2012, and is otherwise the lowest result since the miner posted a $US6.3 billion underlying loss in 2009.

Gladstone is home to Rio Tinto Alcan's alumina refinery at Yarwun.

Read the full story here.


Multi-vehicle crash on Pacific Hwy

Multi-vehicle crash on Pacific Hwy

Three vehicles involved in incident south of Woodburn

Two emergency level bushfires, a dozen others out of control

Two emergency level bushfires, a dozen others out of control

Numerous crews are fighting blazes across Northern NSW

Measles alert for Northern Rivers after child diagnosed

Measles alert for Northern Rivers after child diagnosed

Symptoms don't appear until 10 to 14 days after exposure