Rio Tinto Reaffirms Goal for Iron Ore Output

The transcript discusses Rio Tinto's plans to meet its 360 million ton iron ore target without further expansion. The outgoing CEO, Sam Walsh, highlights the challenges ahead for the company and the industry. He expresses confidence in the incoming CEO, Jean Sebastien Jacques, who has been involved in the Oyu Tolgoi project. The board is set to discuss a $4 billion expansion plan for the mine, which could significantly increase copper and gold production.

What is the target for Rio Tinto's iron ore output?

• 400 million tons

• 360 million tons

• 300 million tons

• 500 million tons

What is the main challenge mentioned for Rio Tinto in the coming year?

• Tough market conditions

• Increased competition

• Regulatory issues

• Lack of resources

Who is the incoming CEO of Rio Tinto?

• Jean Sebastien Jacques

• Richard Branson

• Sam Walsh

• John Sebastian

What project was Jean Sebastien Jacques heavily involved in?

• Aluminum production

• Coal mining

• Oyu Tolgoi project

• Iron ore expansion

What is the estimated investment for the Oyu Tolgoi expansion?

• $2 billion

• $4 billion

• $6 billion

• $8 billion