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Rio Tinto’s new CEO Stausholm navigates tough first quarter
Rio Tinto lifted its iron ore shipments, battled wet weather and labour shortages and escalated efforts to repair broken relationships with traditional owners from the Pilbara to Arnhem Land during a critical first quarter for new chief executive Jakob Stausholm.
While Mr Stausholm has been touring the country striving to restore trust following the disastrous destruction of the Juukan Gorge Indigenous rock shelters last year, Australia’s second-largest miner increased exports of its top commodity, the steel-making ingredient iron ore, by 7 per cent from the same time last year.
Rio shipped 77.8 million tonnes of iron ore in the three months to March 31, its quarterly review said on Tuesday, as Chinese industrial activity drove greater demand and global economic growth continued to rebound. ....

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