Rio Tinto has announced a massive profit, with shares up almost 4% to $78.31.

A record full-year dividend will pay out $5.2 billion, with a share buyback of $1 billion.

Ross Greenwood speaks with Rio Tinto CFO Chris Lynch.

“We have put ourselves in the path of being able to take advantage of strong prices.

“If you look at the results, it is a great set of outcomes for the shareholders.

“All up, $9.7 billion going either as dividends or share buybacks.”

Listen to the full interview below