Rio Tinto CEO Trott Plans $10 Billion Investment, Shifts Focus to Copper and Iron Ore

Rio Tinto's new CEO, Simon Trott, plans to raise up to $10 billion to reinvest in the business by divesting, selling minority stakes, and restructuring financing. The goal is to end up with a slimmer, simpler giant focused on core copper and iron ore assets. Shares ticked up in early trading. The move echoes changes made by mining peers as attention turns to profitable assets, namely copper.