Rio Tinto CEO Not 'Overly Concerned' About Iron Ore Tumble

The video discusses the significant rise in iron ore prices in the first half of the year and the subsequent market expectations for a decline. It highlights the company's strong performance metrics, including a 47% AB margin and a 23% return on capital employed. Despite market concerns, the company emphasizes its robust asset portfolio, disciplined capital allocation, and strong balance sheet. Over the past three years, it has generated substantial cash and returned significant amounts to shareholders, reinforcing confidence in its financial strategy and future outlook.

What has been the company's approach to capital allocation over the past few years?

How did the company perform in terms of cash generation over the last three years despite fluctuating prices?