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Australia’s Rio Tinto posts lower net profit in H1 2022

Australia-based mining company Rio Tinto announced its financial results for the first half of this year. The company achieved a net profit of $9.41 billion in the first half of this year, compared to $13.06 billion in the same period the previous year, as the company’s consolidated sales revenue decreased by 10% in the first half of this year to reach $29.77 billion compared to the first half of last year.

The company’s total EBITDA was $15.59 billion, down by 25.8 per cent year-over-year.

Rio Tinto Pilbara’s iron ore shipments for 2022 remained at 320-335 million tons, depending on weather and market conditions.

Meanwhile, the company delivered its first iron ore from the Godai Dare Mine in Western Australia’s Pilbara region in June this year, SteelOrbis previously reported.

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لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

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Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

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