Rio Tinto appoints new chairman; will continue with 'value over volume' strategy

Sydney

GLOBAL miner Rio Tinto signalled on Monday that it will stick with its "value over volume" strategy, outlining further moves to boost shareholder returns and appointing a new chairman from within its board.

Rio ended months of speculation by naming Simon Thompson to succeed chairman Jan du Plessis, who will step down after almost nine years at the helm of the Anglo-Australian mining house.