RIO has Record 1st half profit 2010 as Iron Ore Blitzes
|The Star.com 6 August|
THIS IS A SURPRISE,the poor miners have it tough.
Iron ore prices drastically exceeded expectations. Group underlying profit rose 125% to $5.8 billion. Iron ore revenue came in at $9.7 billion, implying an average price around $112 per tonne. Theoretically the first half captured the final quarter of last year's $63 per tonne annual benchmark and the first quarter of indexed pricing, around $106 per tonne. Rio must have pushed a very substantial portion of product into much higher spot prices to achieve that revenue.
They can definitely afford the new tax.
7 Aug 2010
$9.7 billion revenue. $5.8 billion profit"Can't afford new tax"
Outsourcing of Forensic's Science has backfired on UK government. Privatisation is not the answer a market model will never work when it comes to the law and lives,
Disaster when Forensic providers fail to meet competence test, how many more cases are there? The current government abolished the main ...
Canberra:- A war zone in Woden, buildings boarded up, windows smashed, a bloody mess for seven years.SEVEN YEARS OF NEGLECT. GUESS WHO'S FAULT? NOBODY? ITS ALWAYS SOMEONE ELSE'S FAULT. BUCK PASSING IS THE NAME OF THE GAME ...
How the government and One Nation may use media reforms to clip the ABC’s wings. Based on an article by Denis Mullar Among the four conc...
You would only trust about Tony this much. He's already said, only believe what he says it if it's written down. The former Labor...