Rio Tinto reports Q2 global iron ore production up 11% to 73.1M tons Reports Q2 global iron ore shipments up 23% to 75.7M tons. Reports Q2 mined copper up 28% to 164.8M tons. Reports Q2 bauxite production down 7% to 10.1M tons. Reports Q2 aluminium production flat at 830,000 tons. Reports Q2 hard coking coal production up 6% to 2M tons. Reports Q2 semi-soft and thermal coal production down 7% to 6.7M tons. Reports Q2 titanium dioxide feedstock production down 19% to 372,000 tons. Reference Link
Rio Tinto halts progressive dividend policy due to market uncertainty With the continuing uncertain market outlook, the board believes that maintaining the current progressive dividend policy would constrain the business and act against shareholders' long-term interests. The company is therefore replacing the progressive dividend policy with a more flexible approach that will allow the distribution of returns reflect better the company's position and outlook. For 2016, Rio Tinto intends that the full year dividend will not be less than $1.10 per share.