Original article by Peter Ker
The Australian Financial Review – Page: 16 : 7-Aug-18

Rio Tinto has reduced its reliance on earnings from its iron ore division in recent years, although the steel input still accounted for 65 per of underlying earnings during the first half of 2018. CEO Jean-Sebastien Jacques has told investors that iron ore may account for the bulk of group earnings for some years, although he said Rio Tinto is considering a number of projects in the battery sector, including lithium and cobalt. However, he stressed that Rio Tinto will only pursue diversification if it is appropriate, and capital will continue to be allocated to the best projects.

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