Challenges for Rio Tinto
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.