Norway just raised the stakes over deep sea mining
The Jan. 9 determination makes Norway the first country to formally authorize seabed mining activities in its waters.
Rio Tinto is focused on reshaping its portfolio with joint ventures rather than huge mergers and acquisitions, CEO Jakob Stausholm said on Wednesday.
“The last thing we need is very big M&A, because it’s very disruptive and it takes you off course,” Stausholm told a press briefing ahead of its investor day in Sydney.
(By Melanie Burton; Editing by Chris Reese)
Read More: Rio Tinto expects to spend about $6.2 billion on Simandou iron ore project
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