Rio Tinto's New CEO to Signal Pivot Toward Simplicity -- Market Talk

Dow Jones12-03

2217 GMT - Rio Tinto CEO Simon Trott is likely to use the miner's capital-markets day on Thursday to underscore a pivot toward simplicity by streamlining its structure, reducing costs, and prioritizing cash generation, Morgan Stanley says. "This should be well received, but we suspect this is already fully priced in at current levels," analyst Rahul Anand says. The analysts' base case is that Rio Tinto provides clear, quantifiable targets for reducing operating expenses and capex across its portfolio. The aim would be to improve free cash flow by an average of US$500 million-US$1.0 billion annually over the medium to longer term. A bull case would involve Rio Tinto signalling a more than US$1.0 billion annual improvement in free cash flow, Morgan Stanley says. It has an equal-weight call on Rio Tinto. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

December 02, 2025 17:17 ET (22:17 GMT)

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The analysts' base case is that <a href=\"https://laohu8.com/S/RIO.AU\">Rio Tinto</a> provides clear, quantifiable targets for reducing operating expenses and capex across its portfolio. The aim would be to improve free cash flow by an average of US$500 million-US$1.0 billion annually over the medium to longer term. A bull case would involve Rio Tinto signalling a more than US$1.0 billion annual improvement in free cash flow, Morgan Stanley says. It has an equal-weight call on Rio Tinto. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<p>\n  (END) <a href=\"https://laohu8.com/S/DOW\">Dow</a> Jones Newswires\n</p>\n<p>\n  December 02, 2025 17:17 ET (22:17 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rio Tinto's New CEO to Signal Pivot Toward Simplicity -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRio Tinto's New CEO to Signal Pivot Toward Simplicity -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-03 06:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  2217 GMT - <a href=\"https://laohu8.com/S/RTNTF\">Rio Tinto</a> CEO Simon Trott is likely to use the miner's capital-markets day on Thursday to underscore a pivot toward simplicity by streamlining its structure, reducing costs, and prioritizing cash generation, Morgan Stanley says. \"This should be well received, but we suspect this is already fully priced in at current levels,\" analyst Rahul Anand says. The analysts' base case is that <a href=\"https://laohu8.com/S/RIO.AU\">Rio Tinto</a> provides clear, quantifiable targets for reducing operating expenses and capex across its portfolio. The aim would be to improve free cash flow by an average of US$500 million-US$1.0 billion annually over the medium to longer term. A bull case would involve Rio Tinto signalling a more than US$1.0 billion annual improvement in free cash flow, Morgan Stanley says. It has an equal-weight call on Rio Tinto. 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The analysts' base case is that Rio Tinto provides clear, quantifiable targets for reducing operating expenses and capex across its portfolio. The aim would be to improve free cash flow by an average of US$500 million-US$1.0 billion annually over the medium to longer term. A bull case would involve Rio Tinto signalling a more than US$1.0 billion annual improvement in free cash flow, Morgan Stanley says. It has an equal-weight call on Rio Tinto. 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