Rio Tinto looking at synergies to reshape portfolio, not big M&A

Reuters | December 5, 2023 | 2:34 pm Top Companies Australia Copper Iron Ore 
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Jakob Stausholm, Rio Tinto’s CEO since January 2021. (Image courtesy of Rio Tinto.)

Rio Tinto is focused on reshaping its portfolio with joint ventures rather than huge mergers and acquisitions, CEO Jakob Stausholm said on Wednesday.

“The last thing we need is very big M&A, because it’s very disruptive and it takes you off course,” Stausholm told a press briefing ahead of its investor day in Sydney.

(By Melanie Burton; Editing by Chris Reese)

Read More: Rio Tinto expects to spend about $6.2 billion on Simandou iron ore project

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