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Rio Tinto’s new strategy focuses on iron ore, copper, aluminum, and lithium.
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Release time：2025-12-12
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On December 4, global mining giant Rio Tinto officially unveiled its new strategy, centered on the guiding principles of “stronger, more focused, and leaner.” Through three key pillars—operational excellence, project execution, and capital discipline—Rio Tinto is committed to becoming the most valuable metals and mining company and achieving industry-leading investment returns. Rio Tinto CEO Jakob and the management team provided a detailed explanation of the strategy’s implementation roadmap and key objectives.
According to the introduction, Rio Tinto’s new strategy begins with the strategic allocation of high-quality assets and focuses on its three core businesses: iron ore, copper, aluminum, and lithium. Safety is prioritized in all operations, and the company is also leveraging measures such as optimizing its organizational structure and strengthening operational discipline to unlock productivity gains. Data shows that in the first three months alone, the company has already achieved annualized productivity benefits of 650 million U.S. dollars. Going forward, it will further enhance efficiency by streamlining hierarchical levels, eliminating process waste, and divesting non-core projects.
In terms of production growth, Rio Tinto expects a 7% increase in output by 2025, with an average annual compound growth rate of 3% by 2030. The key drivers behind this growth include the ramp-up of capacity at major projects such as the Oyu Tolgoi copper mine, the Simandou iron ore mine, and the Akademik and Rincon lithium mines. The 2025 production guidance released concurrently indicates that copper production will be raised to between 860,000 and 875,000 tons, with unit costs falling to between 80 and 100 U.S. cents per pound. Bauxite production is expected to exceed 61 million tons, and primary aluminum production could reach the upper end of the 3.25 million to 3.45 million ton range.
In the field of sustainable development, Rio Tinto has adjusted its capital expenditure plan for carbon reduction. By 2030, the planned capital expenditure in this area is expected to range from US$1 billion to US$2 billion. By leveraging third-party investments in renewable energy and driving technological advancements, the company aims to achieve a 50% reduction in carbon emissions.
On the financial front, Rio Tinto will maintain its shareholder return policy of 40% to 60% for nine consecutive years, leveraging a solid balance sheet to navigate cyclical fluctuations in the industry.
Jode stated that Rio Tinto is building on a solid foundation to embark on a new chapter of development, focusing on streamlining its business to deliver leading returns. Relying on capital discipline, productivity, and growth-driven performance, the group is fully unlocking the full value of its world-class, diversified asset portfolio. Currently, the group is achieving strong early gains in productivity improvements and cost savings, with even more significant results expected in the future. By releasing cash from appropriate assets, the group will strengthen its balance sheet and maintain stable returns. The group’s experienced leadership team is committed to fulfilling the company’s mission—to make Rio Tinto the most valuable metals and mining company, creating maximum value for shareholders, employees, partners, and communities.
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