Rio Tinto Puts One Executive in Charge of Its Global Iron Ore

Rio Tinto promoted Matthew Holcz to lead all iron ore operations across Australia, Canada, and Guinea under one roof. The move reflects a shift from buying rivals toward squeezing more from what the company already owns. Guinea's Simandou project, sitting on world-class untapped reserves, is due to produce ore by 2026–2027. Consolidating under one leader cuts integration time versus traditional mergers.