Mining giant Rio Tinto gets a new Australian boss
Stausholm also focused on metals in Argentina and Australia, which is very important for Rio’s energy transition, increasing copper output and unlike major peers, which aims as a key growth area of Lithium.
Rio, like the opponent BHP, faces great difficulties that Trott must manage.
Both companies go to capital intensive, construction heavy periods by focusing on projects aiming to increase the commodity materials that are trying to benefit from global warming efforts such as electric battery raw material litium and electrical cables, which are an important component in electrical cables.
Rio, an important player of the iron ore from Pilbara, shifted his focus on metals that are very important for energy transition.Credit: Bloomberg
The iron ore from Pilbara, which is the cash cows of both miners, is faced with slowdown from steel production in China and the global uncertainty caused by US President Donald Trump’s tariff wars.
Rio President Dominic Barton said Trott is a distinguished leader who has a deep understanding of mining and operational excellence in mining, and a register of value in Rio’s business.
“Simon and the Board are compatible that the next stage of Rio Tinto is about to unlock important value for shareholders from our portfolio due to operational performance, cost and financial discipline.”
Rio said that Trott would receive a basic salary of $ 2,747,590 with a company pension that will be more incentives and 14 percent of its earnings.
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