Rio Tinto CEO Says M&A Threshold Is High

The transcript discusses Rio Tinto's financial performance, highlighting its first profit since 2013 due to rising iron ore prices. CEO Jean Sebastien Jacques talks about the company's M&A strategy, emphasizing the need for strategic alignment and value creation. The focus is on copper and diamond assets, with a priority on diamond exploration due to its long-term profitability. The sale of coal assets to Yancoal is also covered, with confidence expressed in the deal's completion despite a small breakup fee.

What are the key considerations regarding the Yancoal deal mentioned in the text?

What challenges does the company face in the coal market as discussed in the interview?