Rio Tinto: aims for 'a decade of profitable growth

(CercleFinance.com) - Rio Tinto will hold its 2024 investor seminar in London today.
The mining group aims to strengthen, diversify and develop its portfolio in order to 'guarantee attractive long-term returns for shareholders'.

'By increasing production at the Oyu Tolgoi underground copper mine, delivering the high-grade Simandou iron ore project in Guinea and expanding our lithium business through the proposed acquisition of Arcadium, we are laying the foundations for a decade of profitable growth', assured Rio Tinto CEO Jakob Stausholm.

The executive points out that Rio Tinto is committed to carbon reduction projects representing over 3 million tonnes of annual emissions.

'With an improved performance, we can both finance growth and our decarbonization, while continuing our dividend policy and maintaining a strong balance sheet', he says.

Executives will detail the progress made in 2024 and present their ambition for sustained growth over three time horizons to 2033, with an expected compound annual growth rate of around 3%.

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