EXT excite technology services ltd

rio tinto surges back to strength

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    Rio Tinto surges back to strength

    Broadcast: 13/02/2011
    Inside Business-ABC TV

    QUOTE
    ALAN KOHLER: Well, in general, where would you like to see Rio Tinto's portfolio expand? ...

    TOM ALBANESE: ...I think I'd like to look at uranium, I'd like to look at diamonds. But I'd say on balance, I think we have a pretty good portfolio in virtually all of our businesses where we can be expanding those businesses.


    QUOTE
    ALAN KOHLER: So are there any products that you're not in that you'd like to get into?...

    TOM ALBANESE: ...I'd say on the sort of the M and A space, in terms of - as I scan the landscape - I'd be more narrowly focused on the smaller type things that really would be more of a bolt-on to the existing businesses of Rio Tinto.

    I think we can certainly satisfy our growth objectives by focusing first and foremost on organic opportunities within the existing suite of Rio Tinto businesses.

    ALAN KOHLER: So no big takeovers?

    TOM ALBANESE: No, I think we'll focus on again the smaller ones that could be bolted-on or complement our existing businesses. If we have them, great. If we don't have them, fine. We'll just keep working on our existing Rio Tinto businesses.

    http://www.abc.net.au/insidebusiness/content/2011/s3137461.htm

 
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