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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rio Tinto Limited | ASX:RIO | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.27 | -0.97% | 129.47 | 129.11 | 129.40 | 129.58 | 128.16 | 129.49 | 1,356,485 | 09:50:00 |
From May 2019 to May 2024
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
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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