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“Rio Tinto’s consistently high-performing operations are reflected in these latest results,” said Tom Albanese, chief executive. “We largely recovered from the severe weather conditions in the first quarter and, although volumes were lower than the 2010 first half, we were able to take advantage of higher prices for our products. This performance translated into record first half underlying earnings of $7.8 billion, a 35% increase on the first half of 2011.”
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