Feb. 2 (Bloomberg) -- Rio Tinto Group Chief Financial Officer Guy Elliott said $10 billion of asset sales and a rights issue has "transformed" the mining company’s balance sheet and it may boost project spending and consider acquisitions.
The company, the world’s second-largest iron ore producer, no longer plans to sell its borax and talc units, Elliott said today in a telephone interview from London, where the company is based. Rio will consider additional spending on growth projects in its portfolio and acquisitions of "bolt-on or early-stage projects," he said.
Click here to read more about Rio Tinto’s transformed balance sheet.
