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Managing water strategically: An interview with the CEO of Rio Tinto

Tom Albanese explains how Rio Tinto is adapting its operations to a future when climate change may make the world’s dry parts drier and wet parts wetter.

JANUARY 2010

Water management has become a strategic issue for Rio Tinto, one of the world’s largest mining groups, whose operations tend to be located in areas that are either arid or plagued by torrential rains. In this video interview, CEO Tom Albanese discusses the economics of water, the role of climate change, and how Rio Tinto is adapting its operations and seeking to make water management a source of advantage. Bill Javetski, an editor with the McKinsey Publishing group, conducted the interview with Tom Albanese in Durham, North Carolina.

Watch the video, or download a PDF of the transcript.

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Video: Managing water strategically: An interview with the CEO of Rio Tinto

Tom Albanese explains how Rio Tinto is adapting its operations in response to water scarcity.

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7 JANUARY 2010

Hazel Shao
Vice Chairman of Energy Efficiency Committee
IPPF
China
Despite all its efforts to use water more wisely, mining is still among those activities that may produce the worst effect on our ecosystem. Rio Tinto should do much more...
Read more

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Hazel Shao
Vice Chairman of Energy Efficiency Committee
IPPF
China
Despite all its efforts to use water more wisely, mining is still among those activities that may produce the worst effect on our ecosystem. Rio Tinto should do much more, like eco-restoration, soil remediation and species protection, other than water conservation. However, Rio Tinto’s experience of using water conservation as a business enabler or catalyst is a good lesson for other companies to behave in a green manner. Another lesson for resource regulators to learn is that businesses will try their very best to save and preserve natural resources, as long as it has a price.

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