UPDATE 2-Aussie dollar, coal hurt Rio Tinto H1 profit

Newswire

(adds details, analyst comments) By Wendy Pugh MELBOURNE, July 31 (Reuters) - The world's second-largest diversified miner, Rio Tinto Ltd/Plc, posted a surprisingly weak first half profit on Thursday as strong iron ore sales were more than offset by a high Australian dollar and weaker coal earnings. Despite emerging signs of global economic upturn, the miner said it still believed a recovery in western markets was unlikely to be rapid. "A rally in the world economy towards the end of ...

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