RIO TINTO'S NEW CEO TROTT ANNOUNCES THREE-UNIT REVAMP

Rio Tinto's new CEO Simon Trott made public his first strategic shift on Wednesday, three days after being appointed, saying he would divide the miner into three core business units to focus on its most profitable assets.

As part of the revamp, effective from Wednesday, the Anglo-Australian miner named Matthew Holcz as chief executive of its iron ore division, the company's biggest profit driver.

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