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Rio Tinto chief executive Sam Walsh.

Rio to cut dividends, capex after loss

Mining giant Rio Tinto has reported an $US866 million ($A1.2 billion) annual loss, and has responded by cutting its future dividends, operating costs and capital spending, though the long-planned Silvergrass mine in the Pilbara is shaping up as one of the company's few big projects to proceed.A collapse in commodity prices contributed to Rio's plunge into the red in 2015, from the previous year's $US6.5 billion profit.

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Total Shareholder Return as at 31/10/16

1 year TSR5 year TSR
327thRio Tinto12%-1%
440thWestpac-2%13%
461stTelstra-4%21%
474thCommonwealth Bank-7%14%
550thWoolworths-19%-1%
737 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

13/12/13
$0 Bought
13/12/13
$90k Sold
03/05/13
$1k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st↑Woolworths$61,149.4m
2nd-Rio Tinto$49,225.3m
5th-Commonwealth Bank$27,005.0m
6th-Telstra$26,607.0m
7th↑Westpac$21,642.0m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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