Rio Tinto Half Year Result - RIO reports solid result despite falling commodity prices

Rio Tinto reported a strong set of numbers for the first half of the 2016 financial year, the headline numbers were in line with market expectations. The company’s cost control and future state planning was slightly better than expected. Production was strong in delivering expected operational performances in iron ore, bauxite and aluminium, with all key commodities on track to meet full year guidance. Underlying earnings were cut by US$1,899 million, impacted by falling commodity prices and one off port costs.