Rio Tinto Group’s second-quarter iron ore shipments largely recovered from cyclone impacts in the previous three months, as the major miner prepares for a new chief executive officer to take charge.

Chairman Dominic Barton says the miner has charged its new boss with simplifying its organisational structure, which may trigger an austerity campaign

RIO Tinto Group has appointed its iron ore boss Simon Trott as CEO, replacing Jakob Stausholm from August 25, said Bloomberg News on Tuesday. The 50-year-old takes the helm as the mining giant prepares for significant expansion,