Thu Aug 4, 2011
SYDNEY Aug 4 (Reuters) - Global miner Rio Tinto is seeing surprising resilient strength in iron ore prices but mining input prices are also very tight, Chief Financial Officer Guy Elliott told a conference call on Thursday.
His comments come after Rio reported a 35 percent jump in first-half profit, missing market expectations, but sweetened the result with a $2 billion expansion of its existing share buyback programme.
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