Rio Tinto's 2010 profits triple to $14bn

Anglo-Australian mining company Rio Tinto has reported a 200% increase in full-year net profits. The company made $14.3bn in 2010.

It also said it would be paying a dividend of 63 cents a share and announced it will buy back $5bn worth of its own shares by the end of 2012.

Mark Heyhoe, mining analyst at Westhouse securities says the profits were not that unexpected as commodity prices are rising.

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