Rio Tinto Senior Payment Estimates, Revealing $ 5 Billion Acquisition

This freepressrelease rio Tinto has surprised investors more than double its full-year dividend and pledged to return $ 5billion shareholders over the next two years to absorb the cash flow bumper after announcing a record profit of half a second.Throughout the procurement and objective in 2012 was not good enough for some investors.

Who had hoped for more money at the front and sent to Rio shares at below 1 percent in early trading in London. “The fact that (repurchase) in the long term may disappoint some investors,” said Lyndon Fagan, resources analyst at RBS in Sydney.


When you cut through the mountain of debt to 40 billion U.S. dollars in world No. 3 miner by market value said it is a powerful form of taking advantage of other opportunities that may arise, even after returning money to shareholders.Burned by its top-of-purchase market in 2007, Alcan, Rio, said he is looking for purchases totaling less than $ 5 billion. Investors were optimistic about the results, which were in line with expectations.

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“I was pleasantly surprised by the share repurchases. He was certainly at the upper end of what I thought they would do. It was a good result,” says Brendan James, a portfolio manager with sustainable growth.Rio to raise expectations that the global miner BHP Billiton, its budget nearly debt-free, increasing dividend payments and increase its share repurchase under $ 4.2 billion when it reports results on Feb. 16.

Smaller rival Xstrata set the tone earlier this week at the top of forecasts with a jump 86 per cent of its annual profit and the statement that was market expectations almost double.Rio and its peers, are flush with cash producing at full capacity and copper prices to record levels, spot prices of iron ore by almost 50 percent a year earlier, and prices of thermal coal nearly 40 percent.

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