I had a flip through RIO's latest Annual report . Interesting statement of the Chair below. Has LTR all written over it IMO.
"The shift to electric vehicles and renewable power will require more copper, aluminium, lithium and high-quality iron ore to decarbonise society, but developing new mines is becoming more challenging. To excel in this future development, we must seek to partner with a strengthened social licence and to operate with impeccable ESG credentials. Strategically, we must think long term if we are to harness the right opportunities, while also keeping shorter-term opportunities and risks sharply in view."
They had a cash position of $10b AUD. So if they move it be a script and/or cash offer. Lets see what happens over the next few weeks.
We are all behind Tim Goyder and his team. We are his team!, page-362
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