At the same time Rio Tinto cut its net debt 6% year-on-year to $12.9 billion.
Okay, net cash generated from operating activities was down 27% to $3.2 billion and underlying earnings fell 47% to $1.
ALWAYS leave them wanting more. That is the advice given to many a performer. Former Rio Tinto chief executive Sam Walsh taken that advice to heart with the mining giant finishing the six months to June 30 with net earnings up 113% year-on-year to $US1.7 ($A2.2) billion.