How good it feels to be growing again. After saddling itself with a mountain of debt to buy Alcan for $38bn at a time – 2007 – when warning lights about the global economy were already flashing, Rio Tinto has rediscovered the joys of mining. A 125 per cent jump in net underlying earnings to $5.8bn in the six months to June 30, driven by strong iron ore demand and higher prices, is one thing. More striking, if you are a Rio shareholder with a brow furrowed from looking too long at its balance sheet, is the company’s ability to generate cash – $9.9bn in the period. That, plus last year’s $15bn rights issue and a series of targeted disposals, allowed Rio to cut its debt from $39bn a year ago to $12bn.
重新增长的感觉可真好！2007年，在manbetx app苹果 manbetx20客户端下载 亮起警灯的形势下，力拓(Rio Tinto)以380亿美元收购加铝(Alcan)，因此背上了沉重债务。如今，力拓重新找到了挖矿的快乐。受铁矿石需求强劲和价格上涨的推动，力拓在截至6月30日的上半年净基本利润增长125%，至58亿美元。这只是一方面。更引人注目的——假设你是力拓股东，因太久观察资产负债表而蹙起了眉头——是该公司产生现金流的能力：上半年达到99亿美元。这些，加上去年150亿美元的配股发行和一系列有针对性的资产出售，使力拓得以将债务从一年前的390亿美元削减至120亿美元。