Transcription of 2 August 2017 - Rio Tinto
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2 August 2017 - Rio Tinto
Interim Results 2017 . Rio Tinto announces cash generation of $ billion and cash returns to shareholders of $ billion 2 august 2017 . Rio Tinto chief executive J-S Jacques said Today we have announced total cash returns to shareholders of $3 billion. By driving performance, focusing on cash and allocating it with discipline we are delivering superior cash returns to our shareholders. These are strong results: operating cash flow was $ billion and we met our $2 billion cash cost reduction target six months early. We are now shifting gear to focus on the untapped value from our productivity programme and continue to strengthen our portfolio to build higher returns for the future. We announced the sale of our thermal coal business in Australia for $ billion and are making good progress on our compelling growth projects Oyu Tolgoi, Amrun and Silvergrass.
Page 2 of 63 Continued focus on allocating cash with discipline 2017 interim capital returns – Total cash returns to shareholders announced with respect to 2017 first half stand at $3.0 billion.
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