Rio Tinto reports an annual net loss of $866 mn
Rio Tinto, the world's second-biggest mining company, today reported an annual net loss of $866 million against a profit of $6.53 billion a year earlier. The underlying earnings also fell 51% to an 11-year low of $4.54 billion from $9.31 billion during the previous year. The loss was attributed to a fall in the iron ore and copper prices.