Tom Albanese

Asic moves against Rio, Albanese

Australia’s corporate watchdog has commenced legal proceedings against Rio Tinto and two former executives over its disastrous $US4 billion foray into Mozambique coal, 17 months after regulators in the UK and US took action on the same matter.

The challenge facing Sam Walsh ...and the deals that undid Tom Albanese

SAM Walsh has been thrust into the big chair at one of the world’s biggest companies, Rio Tinto, which has finally decided to clean up the last of the mess left by the GFC.

Today's Business Headlines

Investors blame Rio board for Alcan debacle – The Aus; WA risks ‘best State’ tag – The West; Gas crisis looms for manufacturing, says Brickworks – The Fin; Rinehart urges Rio to move HQ to Perth – The West; QBE joins cost-cutters – The Fin

Walsh needs to steady the ship - analysis

Sam Walsh has the chance of a lifetime to head one of the world’s biggest companies, but he won’t be chief executive of Rio Tinto for long, and he’s only there because the board has finally decided to

Albanese out, Walsh takes over after Rio writes down $US14bn

Sam Walsh has been promoted to the top job at Rio Tinto, effective immediately, taking over from Tom Albanese who has quit as chief executive after the miner revealed a $US14 billion writedown.

Ongoing economic uncertainty mirrored in local executives’ remuneration

Tougher economic times and increased scrutiny have put a cap on the growth of executive remuneration.

Uncertain investment environment puts pressure on local and multinational players

AS the world enters its fifth year of economic turbulence and even the best-insulated businesses in Western Australia are being affected, the factors that determine business influence in this state ar

Analysis: the real effect of talking down iron ore

Is the window really closing on new investment in Western Australia’s iron ore industry, or are BHP Billiton and Rio Tinto playing their old game of making life tough for junior miners and anyone else

Rio flags cutting projects

Mining giant Rio Tinto has flagged cutting some of its multi-billion dollar Australian expansion projects amid soaring costs, but says its Western Australian iron ore developments are likely to be una

Hard job to tap mood

Marred by European debt crises and uncertainty over China’s growth forecasts, the Australian economy faces increasing headwinds, but getting a handle on the mood of global investors and local business

Rio Tinto to sell some aluminium units

Rio Tinto will sell 13 of its aluminium units including refineries and smelters as the world's second biggest miner seeks to streamline its Alcan business.

7 billion - that’s why the boom continues

Softening global commodity demand is this month’s worry. Next month there will be “seven billion reminders” as to why the resource boom will run for decades.

Business forum targets leaders

THE organisers of the Commonwealth Business Forum to be held in Perth later this year are still hoping to lock in more heads of government to bolster the event’s speaker line-up.

The Lighter Note

Straight talkin’It was more than a week ago but The Note isn’t too proud to acknowledge that we overlooked a gem during the first act of sifting through last week’s material.One of o

Positive view from Rio’s Albanese

A mining industry leader in Perth this week highlighted the key issues facing the sector, and by extension WA.

Major WA companies sow the seeds of long-term market share via rebranding

The decision to overhaul a company's brand is not without risk, but many WA businesses are reaping the rewards. Russell Quinn & Blake Wilshaw report.

Stern Hu trial begins in Shanghai

Rio Tinto chief Tom Albanese has been mending fences in China as at least two of the global miner's employees were preparing to plead guilty to taking bribes.

Walsh appointed CEO of Rio's Aussie arm

Sam Walsh has been appointed as chief executive of Rio Tinto's Australia operations and will maintain his position in the iron ore division, as the global mining company reshuffles its organisational structure.

Today's Business Headlines

Delay carbon plan, warns RBA director; Hundreds of jobs go as crisis hits miners; Stamp duty slump hits state budgets; Housing, retail downturn boost case for rate cut; China demand slowing, admits Rio

Today's Business Headlines

Burke faces threat of charges; Stand-off over merger bid; 'Deeper, darker scarier' warning unnerves investors; Steven Goh back with Bell tilt at online trades; PM banks on budget revenue surge.