Chief executive Jakob Stausholm is considering issuing new shares to improve Rio Tinto’s liquidity, relieve tensions within its dual London Stock Exchange-ASX share structure and, if he succeeds, cement Rio’s Australian identity.
Stausholm told The Australian Financial Review he was studying the merits of raising capital, and the company is increasingly convinced of sufficient investor demand for a strategic placement.
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correction —
An earlier version of this story said activist investors wanted to unify Rio’s structure in the London. The activists have in fact called for unification on the ASX.
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
