Rio Tinto’s new chief executive, Simon Trott, has pledged to step up cost cuts, as Australia’s second-largest miner said it was well positioned to benefit from booming global demand for copper and lithium.
Trott, a West Australian who took over from Jakob Stausholm last July, said the $US650 million ($895 million) of savings he flagged in December had been implemented, “as promised, with substantially more under way”.
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