RIO Tinto chief executive Sam Walsh says the company will focus on divesting non-core assets as it strives to save $US5 billion ($A4.87 billion) through to 2014.
Addressing his first annual general meeting as chief executive, Mr Walsh said 2012's capital expenditure of $US17.4 billion "will be our peak year of investment".
"We are targeting significant cash proceeds from divestments and are reviewing a number of potential non-core assets for divestment, in addition to those we've already announced such as Pacific Aluminium and Diamonds," Mr Walsh told shareholders in London.
Rio Tinto in February announced its first ever full year net loss, of almost $US3 billion.
Mr Walsh on Thursday said the world's second-largest iron ore producer had now bolstered investment committee controls and procedures.
"This will ensure ... that we invest only in projects that deliver returns well above our cost of capital," the chief executive said.
Mr Walsh confirmed Rio was targeting cumulative cost savings of $US5 billion over the next two years compared with 2012.
He said just pulling more tonnes out of the ground was not enough.
Rio has been slashing jobs to cut costs in the wake of 2012's annual loss.
Aside from divesting assets, Mr Walsh said Rio in 2013 would focus on reducing costs and improving performance at all operations, delivering approved growth projects and strengthening capital allocation and discipline.
Anda sedang membaca artikel tentang
Rio targets cash from divestments: Walsh
Dengan url
http://cucidollaran.blogspot.com/2013/04/rio-targets-cash-from-divestments-walsh.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Rio targets cash from divestments: Walsh
namun jangan lupa untuk meletakkan link
Rio targets cash from divestments: Walsh
sebagai sumbernya
0 komentar:
Posting Komentar