Rio's monumental earnings alert

THERE was a meek yet compelling attempt by Rio Tinto in its March quarterly report to alert the market to the impact that the broad surge in commodity prices is having on its bottom line, writes Barry FitzGerald.

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Rio Tinto CEO Jakob Stausholm

The alert was in the form of an EBITDA sensitivity table for Rio's commodities, the currencies that are important to it, and the price of oil which goes to costs.