Rio Tinto Limited (ASX:RIO) (NYSE:RIO) (LON:RIO) says it’s selling all it can produce, but consumer sentiment is increasingly cautious in the face of global economic uncertainty.
The mining giant says spot iron ore prices have been volatile but have recovered some ground recently.
Meanwhile, Rio is providing $10 million to sponsor Queensland’s EMQ Helicopter Rescue Service.
The sponsorship of $1 million a year for the next decade will help the service increase capacity of helicopters so they can fly for longer without the need to refuel.
Rio Tinto Limited (ASX:RIO) reported a profit of $7.5 billion in the first half of this calendar year.
