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AAP
AAP
Business
Michael Ramsey

Rio Tinto posts record full-year profit

Rio Tinto Rio Pilbara Western Australia
Rio Tinto has posted a full-year profit of $US21.1 billion ($A29.2 billion), up 116 per cent. (AAP)

Rio Tinto has posted a full-year profit of $US21.1 billion ($A29.2 billion), up 116 per cent from the previous year.

A spike in earnings in Wednesday's results was driven by record iron ore prices as the global economy recovered from the COVID-19 pandemic.

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