BREAKFAST DEALS: Rio asset rewind

Rio Tinto's Sam Walsh can't offload non-core assets quick enough, while high-cost gold producers are a species in trouble.

Rio Tinto continues its asset sales drive, but new boss Sam Walsh is finding the same problems as his deposed predecessor Tom Albanese – aluminium is going to be a pain to move. There are gold moves aplenty as the precious metal continues to lose its lustre. Meanwhile, Suncorp has finally sold its ‘bad bank,’ and SCA Property Group is beginning its life after Woolworths with some Wesfarmers-linked assets and a capital raising.

Rio Tinto, Pacific Aluminium, CSR

Rio Tinto chief executive Sam Walsh is barely stopping for breath in his quest to offload underperforming assets. Nor can he afford to.


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