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Rio Sees Brighter Future, reveals better than Expected Profit


One of the leading Australia based miner Rio Tinto (RIO), a company that focuses on the production of iron ore, copper and coal have seen a sharp rise in its share price after it revealed its better than expected annual earning figures on Thursday. While making statement on the earnings, Rio authority stated that the under lying profit of the company was as much as $US6.3 billion where previously the analysts expected it to be $US6 billion.

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