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Rio Tinto(RIO) - 2019 Q2 - Earnings Call Presentation
Rio TintoRio Tinto(US:RIO)2019-08-01 17:25

Financial Performance - Underlying EBITDA was $103 billion, with a margin of 47%[12] - Free cash flow reached $47 billion[12] - Cash returns paid to shareholders in H1 amounted to $78 billion[12] - Pro forma net debt stood at $56 billion[12] - Interim dividend was $25 billion, plus a special dividend of $10 billion[12] Safety and Sustainability - The company improved its All Injury Frequency Rate (AIFR) to 041 in H1 2019[15, 20] - A 65% reduction in carbon footprint at Kennecott was achieved through closing a coal plant and using renewable energy certificates[20] Iron Ore Operations - Average realized iron ore price was $853 per tonne, a 35% increase[41] - Iron ore shipments were 1546 million tonnes, down 8%[41] - Iron ore operating costs were $146 per tonne, up 9%[41] - Iron Ore EBITDA margin (FOB) was 72%, an increase of 5 percentage points[42] Aluminium Operations - Average aluminium price was $2,174 per tonne, a 15% decrease[44] - Aluminium EBITDA margin (integrated operations) was 27%, a decrease of 8 percentage points[45] Copper & Diamonds Operations - Copper price averaged 280 cents per pound, down 11%[47]