Rio Tinto looking at synergies to reshape portfolio, not big M&A
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
More News
PDAC JV video: PDAC pushes for permanent industry tax break amid uncertainty
Last month, the government promised to extend the mineral exploration tax credit for another two years.
April 04, 2025 | 10:43 am
Indian delegation to visit Chile seeking stake in SQM’s lithium projects
Several companies are in talks with SQM for stakes of 20% in its Mount Holland and Andover projects in Australia.
April 04, 2025 | 09:50 am
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments