Rio Strategy Reset Signals a Leaner, Cash-Focused Future Under Simon Trott

After just 102 days in the top job, Rio Tinto CEO Simon Trott has moved quickly to reshape the company into what he calls a "stronger, sharper and simpler" miner. The plan, unveiled at his first major strategy briefing, represents one of the most significant resets for Rio in years: up to $15.1 billion in asset sales, $6 billion in cuts to decarbonisation spending, and a renewed push to strengthen the balance sheet while keeping growth disciplined.

The market has liked what it heard. Rio shares rallied almost 4% to a record $140.58, extending a 36% rise since. . .