Higher iron-ore prices has helped to drive a 31% increase in free cash flows for diversified miner Rio Tinto during the 2019 financial year, compared with 2018.
The miner on Wednesday announced that free cash flow for the full 2019 reached $9.1-billion, up from the $6.9-billion reported in 2018, while underlying earnings before interest, tax, depreciation and amortization (EBITDA) increased by 17%, from $18.1-billion to $21.1-billion.