Rio Tinto CEO: China Doesn't Have Inflation Problem

In an exclusive conversation, Rio Tinto CEO Jacob Stelson discusses the company's financial performance, dividend policy, and market challenges. He highlights the impact of global economic conditions, including inflation and the Ukraine war, on the mining industry. Stelson emphasizes the importance of China's economic growth and the need for energy transition towards renewables. He outlines Rio Tinto's commitment to ESG principles and future strategies, focusing on cultural development and decarbonization.

What percentage of underlying earnings does Rio Tinto typically pay out as dividends in the first half of the year?

• 25%

• 100%

• 50%

• 75%

What unexpected global event did Jacob Stelson mention as a disruption in the current year?

• US-China trade war

• War in Ukraine

• COVID-19 pandemic

• Brexit

According to Jacob Stelson, which country does not have an inflation problem but faces a growth issue?

• Germany

• India

• China

• United States

What has made renewable energy investments more attractive according to Jacob Stelson?

• Increase in gas and oil prices

• Technological advancements

• Government subsidies

• Decrease in solar panel costs

What is Rio Tinto's target for reducing its carbon footprint by 2030?

• 25%

• 50%

• 75%

• 100%

What does Jacob Stelson believe is necessary for the world to achieve decarbonization?

• Increased coal usage

• More renewable energy projects

• Higher oil prices

• Less government intervention

What is Jacob Stelson's focus for the future of Rio Tinto?

• Increasing iron ore prices

• Cultural development and decarbonization

• Reducing workforce

• Expanding coal production