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Write downs take gloss off Rio's record cashflow

RIO Tinto recorded earnings of US$1.5 billion in 2002 after a record cashflow of US$3.74 billion ...

Michael Quinn
Write downs take gloss off Rio's record cashflow

Kennecott was written down to the tune of US$480 million, while IOC's book value dropped US$235 million. Rio said revised assumptions about the future markets for those operations' products, "particularly...

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