CRU: Rio Tinto’s focus poised to change

Long seen as being dominated by iron ore operations in Western Australia, diversified miner Rio Tinto is at an inflection point in its growth, according to CEO Jakob Stausholm, who referred to a step change from its aluminium business and consistent iron ore production at Pilbara.

“We have considerable growth in cash flow from the ramp-up of the underground copper mine at Oyu Tolgoi, and more value to come as our Simandou [iron ore] investment and Rincon lithium project proceed at pace,” he said. They are respectively in Mongolia, Guinea and Argentina.