Rio Tinto Seeks to Divest $5 billion in Non-core Assets

In 2012, 90% of the company’s profits were generated from iron ore, with the remainder from copper mining in Chile and the U.S. Rio Tinto has also written down aluminum and coal mining assets by $14 billion; Rio Tinto is targeting two-thirds of its $5 billion cuts in energy— including coal and uranium, and aluminum.