Walsh fires Rio to a roaring success

Rio Tinto's remarkable, price-decline beating combination of volume improvements and cost reductions has surpassed even the miner's own expectations.

Sam Walsh’s objective when he became chief executive of Rio Tinto was to restore the group’s reputation for financial and operational excellence and discipline. He’s running ahead of schedule.

Today’s half-yearly result is full of out-performance against benchmarks Walsh had set which had previously appeared quite demanding.

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