Rio Tinto’s
(ASX:RIO) annual report released today shows an operating cash generation of $US 13.9 billion and a reduced net debt of $US3.8 billion.
The report shows a record full year dividend of $US5.2 billion and an additional $1 billion share buy-back.
This brings the total cash returns to share holders to $9.7 billion for 2017.
An additional buy-back of $US 1 billion in Rio Tinto plc shares are set to be completed by the end of 2018.
A generated operating cash flow of $US13.9 billion, underlying EBITDA of $18.6 billion and a ten year record margin of 44 per cent.
The report shows significant changes in estimates of Ore Reserves and Mineral Resources across a number of their sites for the rest of the year.
Meanwhile, the company is set to invest growth in Silvergrass, Amrun and Oy Tolgoi projects.
Rio Tinto
(ASX:RIO) are trading 1.19 per cent lower at $76.92.
