Hopes are rising that Rio Tinto will boost dividends and even announce a share buyback next month, after surprisingly high commodity prices sparked a ramp up in exports from the company in the final months of 2016.
After a slow start to 2016, Rio exported iron ore from Western Australia at an annualised rate of 350 million tonnes in the December quarter, and the annualised rate was 370 million tonnes if the company's Canadian iron ore assets were included.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
Tess Ingram was a journalist with WAtoday. Before that, she was a reporter in The Australian Financial Review’s Perth bureau, covering business, economics and politics. Connect with Tess on Twitter.
