Rio Tinto has announced a net loss of $1.2 billion ($US866 million) for 2015 because of lower commodity prices and slowing global growth.
It made a net profit of $9.1 billion ($US6.5 billion) last year.
The company has maintained dividend payouts at $US2.15 for 2015 but Rio said it was replacing its progressive dividend policy.
Rio's underlying profit of $US4.5 billion was in line with predictions by analysts, down by 51 per cent from 2014.
Capital spending was cut by nearly half to $US4.6 billion.
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