Rio Tinto up 18%

28 February 2001

Rio Tinto has reported an 18% increase in its earnings for 2000 to $1.5 billion.

In Namibia, the company’s Rossing uranium mine (in which it has a 68.5% stake) produced 2195t U308 (1861tU) in 2000, just 1% up on 1999.

Rio Tinto’s Energy Group has contributed 17% of net earnings in 2000.

The company expanded its uranium business by the acquisition of North, which is the parent company of Energy Resources of Australia.

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