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.
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.
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
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.
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
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
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.
