[miningmx.com] – RIO Tinto, which reported an increase in half-year profits of just over a fifth, is said to be preparing a share buy-back as it delivers on promises to return value to investors.
“If they are going to return capital, it’ll probably come as a share buyback rather than as some form of dividend, given the approach to capital management that they’ve shown,’ Evan Lucas, a markets strategist at IG in Melbourne told Bloomberg News.
Earlier, Rio Tinto CEO, Sam Walsh, said the company had by stripping out costs set “… a solid foundation for growth. We are focused on increasing shareholder returns’.
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