These projections rely on a long-term consensus price prediction and aim to boost copper output by 20% by the decade's conclusion.
During a call with investors, Rio Tinto's CEO Simon Trott mentioned that the company plans to generate $5-10 billion by divesting non-core assets or minority interests in them to its partners. He said that these funds will be reinvested in advancing different sectors.
Rio Tinto is performing a strategic assessment of its titanium, iron, and borate divisions and will analyze market demand for these resources.
Current lithium projects will be executed, but further investment in them will depend on reaching an adequate return level.
Rio Tinto intends to lower capital investment in the medium term. It is anticipated to fall to under $10 billion annually starting in 2028, a decrease from about $11 billion in 2025.
Unit operating costs are expected to decrease by 4% each year until the decade concludes.
Trott mentioned that initiatives to enhance operational efficiency involve workforce cuts, although he did not disclose the specific number of jobs affected.
source: ft.com
During a call with investors, Rio Tinto's CEO Simon Trott mentioned that the company plans to generate $5-10 billion by divesting non-core assets or minority interests in them to its partners. He said that these funds will be reinvested in advancing different sectors.
Rio Tinto is performing a strategic assessment of its titanium, iron, and borate divisions and will analyze market demand for these resources.
Current lithium projects will be executed, but further investment in them will depend on reaching an adequate return level.
Rio Tinto intends to lower capital investment in the medium term. It is anticipated to fall to under $10 billion annually starting in 2028, a decrease from about $11 billion in 2025.
Unit operating costs are expected to decrease by 4% each year until the decade concludes.
Trott mentioned that initiatives to enhance operational efficiency involve workforce cuts, although he did not disclose the specific number of jobs affected.
source: ft.com
