Mining company Rio Tinto is maintaining an eye on the potential for merger and acquisition opportunities as a result of the Covid-19 pandemic and plans to stay "patient but not complacent," its chief executive officer said.
J-S Jacques told the Bank of America 2020 Global Metals, Mining and Steel Conference that metals market outlooks were currently clouded due to changing supply-demand pictures and the difficulty in putting a price on corporates.Jacques noted that the company has strengthened its balance sheet, moving its net debt from $13.8 billion to $3.7 billion over the last four...