Rio Tinto is restructuring under new CEO Simon Trott, simplifying operations into iron ore, copper, and aluminium-lithium units. Trott aims for sharper focus and accountability, with Matthew Holcz leading the iron ore division. Other units, like lithium and aluminium, are merging for efficiency. Executive departures and strategic reviews mark the overhaul.

The overhaul at Rio Tinto follows a turbulent period with low profits due to subdued iron ore and lithium prices. The minerals division is under review after being cash-flow negative for two years. Even the gold sector, like Newmont, is facing cost pressures and announced job cuts. Rio Tinto stock is trading lower.

Read more at Yahoo Finance: Rio Tinto’s New CEO Simplifies The Firm, Places Assets Under Review