February 8, 2017 / 6:10 AM / in 9 months

Rio Tinto boosts dividend on commodities recovery

SYDNEY, Feb 8 (Reuters) - Global miner Rio Tinto said on Wednesday it will pay a bigger-than-expected annual dividend of $1.70 per share on the back of a strong recovery in mineral commodities markets in 2016 and cost-cutting.

Underlying earnings for the world’s second-biggest mining house rose by 12 percent to $5.1 billion, beating analysts’ estimates for around $4.87 billion, according to an externally compiled census.

Reporting by James Regan; Editing by Richard Pullin

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