The current downturn in iron ore prices spells revenue and margin pressure for RIO
Amelia Bott
StocksInValue
The current downturn in iron ore prices spells revenue and margin pressure for RIO. Rio Tinto's production base is diversified across multiple commodities, but its earnings are concentrated in iron ore. With 87% of FY13 earnings from the ore, Rio is nearly a single-commodity play. Profitability is poor due to dilutive equity raisings caused by the disastrous Alcan acquisition. Read David Walker at StocksinValue's full article (VIEW LINK)
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Amelia Bott
Equities Analyst
StocksInValue
Expertise
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Amelia Bott
Equities Analyst
StocksInValue
Expertise
No areas of expertise
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