Soft iron ore prices weigh on Rio profits
The result came after the collapse of merger talks with rival Glencore, but there is still a chance a deal could be struck.
Iron ore comprised 55% of the company's earnings.
Rio Tinto’s dependence on its iron ore business has been underlined in a 14% fall in full year profit, its weakest this decade.
Barely a week after the collapse of negotiations to merge with rival Glencore and form a US$250 billion ($417b) mining giant, which would have been the world’s largest
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