Rio Tinto chief executive Simon Trott talks up cost savings

Rio Tinto’s new CEO seeks to create a simpler and more focused mining giant

Simon Trott’s $15b mission to slim down Rio Tinto

Rio Tinto’s new chief Simon Trott has unveiled his vision for a ‘sharper’ and ‘simpler’ mining giant that promises to bank up to $15 billion mostly through offloading projects, and dropping corporate bloat.

Rio Tinto chief executive Simon Trott talks up cost savings

The company chief says he intends to reduce costs at the global resources company by 4 cent to 2030, and has outlined a vision to simplify the business.

Rio Tinto to sell up to $15b of assets, cut decarbonisation spending

In his first strategy briefing since taking the helm 102 days ago, chief executive Simon Trott said he wanted Rio to become the world’s “most valued” miner.

Rio Tinto Outlines Capital Allocation Strategy

Rio Tinto’s recent capital markets day met market expectations, according to Barclays analyst Amos Fletcher. The presentation highlighted planned capital expenditure (capex) cuts, the divestment of US$5 billion to US$10 billion in assets, and ongoing cost reduction initiatives. Rio Tinto is a leading global mining group that focuses on finding, mining, and processing the Earth’s mineral resources. The company supplies materials essential to huma…

Rio’s new era of asset minimalism

Image: sdx15/Adobestock.comRio Tinto chief executive Simon Trott is pushing the global miner into a new era of what might be called asset minimalism, a shift from owning everything to owning only what delivers exceptional value. Since taking the reins on August 25, Trott has made some strategic moves that have helped lift the company’s shares by 20 per cent, including nearly four per cent in the past 24 hours to a record $140.58. Trott wasted li…