Chal­lenges for Rio Tinto

Townsville Bulletin - - Investor -

RIO Tinto Ltd says ur­ban­i­sa­tion and in­dus­tri­al­i­sa­tion will con­tinue to drive de­mand for met­als and min­er­als, but there are some risks. ‘‘ Al­though long-term fun­da­men­tals for growth are strong, there are down­side risks in the short term, and po­ten­tial for medium-term volatil­ity due to per­sis­tent eco­nomic im­bal­ances,’’ Rio Tinto chair­man Jan du Plessis said in the com­pany’s an­nual re­port re­leased yes­ter­day. Mr du Plessis said Rio Tinto would have to deal with skills short­ages and new tech­ni­cal chal­lenges as it ex­pands into more risky ar­eas to meet ris­ing de­mand. But Rio Tinto was well pre­pared for the key chal­lenges, he said.

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