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Rio Tinto splits into three units—iron ore, aluminum and lithium, copper—aiming to simplify operations and boost value.
Rio Tinto, a major mining company, is restructuring into three core units: iron ore, aluminum and lithium, and copper.
Matthew Holcz will lead the iron ore division, while Jerome Pecresse and Katie Jackson will head aluminum and lithium, and copper divisions, respectively.
The company is also reviewing its borates and iron and titanium businesses.
CEO Simon Trott aims to simplify operations, enhance accountability, and boost value for shareholders.
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Rio Tinto se divide en tres unidades: mineral de hierro, aluminio y litio, y cobre, con el objetivo de simplificar las operaciones y aumentar el valor.