Rio Tinto rules out unification, mulls ASX share issuance
Peter KerResources reporter
Rio Tinto chief executive Jakob Stausholm has rejected fresh calls to unify the miner’s dual-company structure and hinted he might go the other way and bolster the structure with a share issuance on the Australian side.
Rio has told investors several times this year that it has no plans to unify its structure, which is built upon a profit-sharing agreement between a British company and an Australian company.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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