On July 27, Rio Tinto, a British and Australian mining giant, disclosed its interim performance in 2022. During the reporting period, Rio Tinto generated net cash of US $10.5 billion from operating activities, a decrease of 23% over the same period in 2021; Free cash flow decreased by 30% year-on-year to US $7.1 billion. The net profit in the reporting period was $8.9 billion, a decrease of 28% over the same period in 2021. The basic profit of the current period was $8.6 billion, with earnings per share of 532.7 cents, down 29% from the same period in 2021< Br > < div class= "contheight" > < / div > for the sharp decline in performance, Rio Tinto said that it was mainly affected by factors such as fluctuations in commodity prices, rising energy prices, higher inflation, increased operating costs and closure liabilities< Br > < div class= "contheight" > < / div > the report also shows that Rio Tinto cut its interim dividend by more than half from $5.61 per share in the same period last year to $2.67 per share. However, the total dividend in the first half of this year was $4.3 billion, which is still Rio Tinto’s second high-school dividend in history< Br > < div class= "contheight" > < /div> Jakob stausholm, CEO of Rio Tinto Group, said, “We are still focused on achieving our long-term strategy – our business performance has improved steadily, and some growth plans have made important progress. After the underground mining of oyu Tolgoi was launched, we continue to strengthen cooperation with the Mongolian government. We also delivered the first batch of iron ore from Gudai darri and approved the early engineering funds for the Rincon lithium project.”< Br > < div class= "contheight" > < /div> Shi Daocheng said that the market was in good condition in the first half of the year, although it was not as good as last year’s record level. “Our output is basically flat, our financial performance is stable, and our basic EBITDA (profit before interest, tax, depreciation and amortization) for the current period is $15.6 billion. On the premise of tax payment and government royalties reaching $4.8 billion, we still achieve free cash flow of $7.1 billion and basic profit of $8.6 billion. Therefore, we will pay an interim dividend of $4.3 billion, the highest ever, with a dividend payout rate of 50%.” He also mentioned that at the end of the reporting period, the market environment had become more challenging< Br > < div class= "contheight" > < /div> according to Rio Tinto’s previously announced production performance in the second quarter of 2022. The production of Pilbara iron ore in the second quarter of the company was 78.6 million tons (100% equity basis), up 4% from the second quarter of 2021 (year-on-year). Iron ore shipments in the second quarter were 79.9 million tons (100% equity basis), up 5% year-on-year< Br > < div class= "contheight" > < / div > in the first half of the year as a whole, the output and shipment volume of Pilbara iron mine were 150 million tons and 151 million tons respectively, a year-on-year decrease of 1% and 2%. Rio Tinto still maintains its annual iron ore shipment target at 320-335 million tons< Br > < div class= "contheight" > < / div > Rio Tinto also mentioned that it had set ambitious climate goals in 2021, striving to reduce emissions in scope 1 and scope 2 by 50% by 2030. The company has not yet achieved emission reduction, but Rio Tinto said it is consolidating its foundation, “including bidding for the development of large-scale wind and solar energy in central and Southern Queensland, so as to power our aluminum business in Gladstone.”< Br > < div class= "contheight" > < / div > Rio Tinto is headquartered in London, England, and is a dual listed company structure. Rio Tinto Group integrates the exploration, mining and processing of mineral resources, and its main products include iron ore, aluminum, copper, diamonds, borax, high titanium slag, industrial salt, uranium, etc. Among them, iron ore is Rio Tinto’s largest business, and its resources mainly come from Pilbara, Western Australia and Canada.