Rio Tinto Group looks like it’s putting about $9-billion of unwanted assets from coal and uranium to Canadian iron-ore into a single basket ready to spin off, according to Sanford C. Bernstein.
Incoming CEO Jean-Sebastien Jacques on Tuesday revamped the four key divisions of the world’s second-biggest mine operator. The new Energy and Minerals segment features coal and uranium mines, salt, borates and titanium-dioxide businesses, and Rio’s Iron Ore Company of Canada unit.
