Rio Tinto Revamps Corporate Structure to Cut Costs
27 February 2015 - 9:03AM
Dow Jones News
By Ross Kelly
SYDNEY--Rio Tinto PLC (RIO) said Friday it had condensed its
main product groups into four units, part of a continuing strategy
of cutting costs as commodity prices slump.
The mining company's copper and coal functions have been merged
into a single unit, as have its diamonds and minerals unit, which
will now contain uranium. Aluminium and iron ore remain as separate
units.
As a result of the changes, Rio Tinto said current energy chief
Harry Kenyon-Slaney would leave the company with immediate
effect.
Write to Ross Kelly at ross.kelly@wsj.com
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