Dec 4th, 2025
Rio Tinto Lays Out Cost Cuts in Strategy Overhaul
Rio Tinto Group’s new Chief Executive Officer Simon Trott announced a string of cost cuts and planned productivity improvements, including $650 million of annualized productivity benefits by the end of the first quarter of 2026. The world's second-largest miner also outlined plans to release $5 billion to $10 billion from its existing asset base with partnership, funding and other options. Bloomberg's Martin Ritchie reports.
