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RIO – Q1-17 Production

RIO posted lower-than-expected output in Q1 17 from its iron ore, copper and coal divisions.

Heavy rainfall in WA weighed on Pilbara volumes, with iron ore production down 10%. 2017 guidance was unchanged.

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FY17 revenue $38b, net profit $8.8b, DPS $3.60 places the stock on a 6.7% yield.

RIO

 

 

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