Rio Tinto Plans $5 Billion Buyback by End of 2012
February 11, 2011 at 00:48 AM EST
Global miner Rio Tinto Plc (RIO) is set to buy back $5 billion of shares, underlining the extent of its cash accumulation after a year when soaring iron ore prices allowed it to slash debt and more than double profits. The multinational mining company’s final dividend is 20% higher than earlier guidance at $1.08 per [...]
