Rio Tinto CEO Says Growth Is About Smart M&A

The transcript discusses a company's growth strategy, focusing on building and smart acquisitions. It highlights three main projects in Mongolia, Western Australia, and Queensland. The company aims to create value for shareholders and has returned $3 billion to them. The discussion shifts to China's steel demand, noting its significant impact on the market. Despite political pressures, China is restructuring its steel industry, requiring high-grade iron ore, which presents opportunities for companies like Rio Tinto.

What is the primary focus of the company's growth strategy?

• Expanding into new industries

• Building and smart acquisitions

• Reducing operational costs

• Increasing marketing efforts

Which of the following is NOT one of the company's main projects?

• Silvergrass in Western Australia

• Kumba Iron Ore in South Africa

• Oyu Tolgoi in Mongolia

• Amrun in Queensland

How much was returned to shareholders as an example of value creation?

• $2 billion

• $1 billion

• $4 billion

• $3 billion

What is China's approach to restructuring its steel business?

• Maintaining output with fewer capacities

• Reducing output significantly

• Eliminating all steel imports

• Increasing steel production

What type of iron ore is in high demand in China?

• High-grade iron ore

• Recycled iron ore

• Low-grade iron ore

• Synthetic iron ore