Rising demand for commodities and resource scarcity are increasingly at the center of geopolitical tensions. According to Tom Albanese, CEO of mining giant Rio Tinto, a long-term market perspective and ongoing engagement with stakeholders are critical to business success in this environment. In the first half of a two-part interview with Arabic Knowledge@Wharton, Albanese discusses why Rio Tinto does not take political sides in a country or indulge in bribery for access. Rio Tinto’s business strategy, he explains, is to invest in large, long-life, low-cost operations that are profitable through all economic cycles and provide consistent returns to shareholders.
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