Reuters February 8th news, because the company cut costs, and iron ore prices rebounded strongly, the global mining giant Rio Tinto announced better than expected profit, will return cash to shareholders. The world's second largest iron ore producer said that the basic profit Rio growth of 12% to $5 billion 100 million, higher than analysts' estimates of about $4 billion 870 million, which marks the Rio out of the bad situation in 2015, the company will pay a higher than expected $1.70 annual dividend, and announced $500 million stock buyback, equivalent to about 70% of profits returned to shareholders. A year ago, a sharp drop in iron ore prices led to a sharp decline in the overall industry profits, Rio Tinto was forced to abandon the policy of never cut dividends. Rio also said: "in 2017 2016 and cost $2 billion goal, has completed a $1 billion 600 million. We're in good shape in 2017. In the next five years, our team will contribute an additional $5 billion in free cash flow from the productivity improvement program."