Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
17 FEBRUARY 2014 AL CIRCLE

Rio makes remarkable turnaround in aluminium production

1MINS READ
A lot of remarkable figures and things have been noticed in 2013 results of Rio Tinto. The company made a profit of $US10.2 billion beat market consensus comfortably. The turnaround in aluminium business was the most remarkable thing. The breakdown of the company’s profit in 2013 shows their net earnings from aluminium have gone up from miserable $US54m in the year 2012 to $US557m.

This could be achieved as a result of the production cutback strategies that Rio as well as the other industry leaders has adapted.

Rio has worked very hard at cutting down costs. The company reckons that earnings on aluminium increased by $US392m from their cash cost improvements. It has been quite painful for the company to bring the aluminium figures back to shape, with Rio selling, closing or curtailing five of their aluminium assets in 2013.

The most painful decision was to suspend production of alumina at the Northern Territory’s Gove bauxite/alumina operations. Rio had cut down on many things to finally earn good profits from aluminium production.

Tagged with:

Aluminium Rio tinto

Adv
Adv
Adv
Adv
Adv
Adv
Adv
1MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.