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

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McKinsey Quarterly

Bill Javetski

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.

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.