Author: 123jump.com Staff
123jump.com
Last Update: 3:01 PM EDT April 08 2008

Despite strong performance in the three of the four business segments revenues for the first quarter remained flat at $7.4 billion. During the first quarter, the company’s capital expenditures rose to $748 million as the company funded new projects such as the new Juruti bauxite mine and Sao Luis refinery in Brazil, including the strategic investment with Chinalco in Rio Tinto plc and the acquisition of two aerospace fastening companies.