Rio Tinto Ltd
(ASX:RIO) has announced it will reduce its gross debt by a further $3 billion.
The company says it will achieve that by accepting for purchase around $1.25 billion worth of debt under its Maximum tender Offer, as well as $1.75 billion under its ‘Any and All Offer’.
The mining company also says that both offers commenced on 7 June 2016, and are part of its ongoing capital management.
Rio Tinto reported a net loss of $2.35 billion at 31 December 2015.
