Mining major Rio Tinto on Thursday reported a 12% increase in underlying earnings for the first half of the 2019 financial year, on the back of strong iron-ore prices.
Underlying earnings for the half-year reached $4.93-billion, up from $4.41-billion a year earlier, while underlying earnings before interest, tax, depreciation and amortisaiton (Ebita) increased by 11%, from $9.19-billion to $10.25-billion.