Saturday, June 1, 2013

Rio Tinto Gets Lean as Oyo Tolgoi Shipments Approach

As anticipation of the first shipments from Oyu Tolgoi, the giant copper and gold project in Mongolia, builds, Rio Tinto's (RIO) CEO Sam Walsh offered his input on the strategy of the company overall, and where things stand with Oyu Tolgoi specifically, at the Bank of America Merrill Lynch conference in Barcelona recently.

Walsh said all the right things, and it's worthwhile taking a look at them as the strategy of the company is one that should be considered a bellwether for the mining industry in general. If you're looking at miners, the actions and ideas presented by Walsh should be taken into account in the analysis of other mining companies. If they aren't taking similar actions, they could be in real trouble in the current economic environment.

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