RIO 1HFY16 Earnings Result

Rio (RIO.ASX) RIO reported strong operating results, with underlying earnings of US$1.56bn. EBITDA of US$5.4b & 1HFY16 dividend declared of US$0.45.

FY17 outlook is for similar numbers and we expect RIO to trade in a range of $45 t0 $55.

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