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COPYRIGHT 2002 Asia Pulse Pty Ltd
MELBOURNE, Jan 31 Asia Pulse - Global mining giant Rio Tinto Ltd (ASX:RIO) today posted a 28 per cent drop in 2001 net profit after writing down its US Kennecott copper operation.
Rio Tinto posted net earnings of $US1.079 billion for the calendar year, compared to $US1.51 billion in 2000.
In Australian dollar terms, the net profit was $A2.085 billion, down from $A2.60 billion ($US1.31 billion).
The result included a $US583 million one-off charge mainly related to the recent closure...
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