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Rio Tinto just pulled off a little miracle

Rio CEO Jakob Stausholm has quietly engineered an impressive strategic shift inside the mining giant. Its financial results for calendar 2024 tell the story.

When you’re running a business that does $US54 billion ($85 billion) in annual revenue, $US400 million must seem like pocket change.

But for Rio Tinto chief executive Jackob Stausholm, that apparently puny amount is symbolic of the big shift inside the mining giant.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/rio-tinto-just-pulled-off-a-little-miracle-20250220-p5ldmd