Rio reported weak H1 results due to commodity pricing headwinds. This wasn’t surprising as the Chinese rebound has been disappointing. While the way forward isn’t easy – as China has serious issues at hand, by virtue of its legacy over-exposure and enviable competency in mining the key steel-making ingredient, the Iron Ore division is a cash-cow, which can help (partly) compensate for issues in other divisions and also facilitate a good balance between growth investments and rewards. Overall, a ....
