A US securities regulator has dismissed appeals from Rio Tinto to have fraud charges dropped against former company executive Tom Albanese, accused of fudging company results at Rio Tinto's former Mozambique operation.
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Rio Tinto to ‘vigorously defend’ United States fraud charges
Rio Tinto and two former leading executives, including Tom Albanese, have been charged with fraud in the United States over the company’s dealings in Mozambique earlier this decade.
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Has downturn reached the bottom? Albanese says yes
Former Rio Tinto CEO Tom Albanese believes the commodity downturn has reached the bottom of the trough, and is on its way up once more.
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Mining to get worse before it gets better
The heads of major miners expect the downturn to get worse before it improves, as the industry begins tearing through existing cash reserves.
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Rio’s former boss predicts iron ore to stay low
With the price of iron ore still at five-year lows, ex-Rio Tinto boss Tom Albanese has warned not to expect an upshot any time soon.
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Former Rio boss Tom Albanese joins Vedanta
Vedanta Resources has recruited former Rio Tinto chief executive Tom Albanese as chairman of its resources subsidiary.
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New Rio headmaster pledges to change the rules
Rio’s new head honcho Sam Walsh has promised an “unrelenting focus on pursuing value for shareholders”, including tightening up project protocols and overall capital expenditure.
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Rio posts $3 billion loss
Rio Tinto has announced an aggressive cost cutting regime after posting its first ever full year loss, announcing yesterday a $3 billion shortfall.
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Rio appoints new iron ore head
Rio Tinto has appointed Andrew Harding as the new head of iron ore as former chief Sam Walsh steps into the CEO position.
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BHP and Rio expected to slash combined $10bn off costs
The era of conservative mining majors is well and truly upon us.
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Are mining CEOs the scapegoats rather than the villians?
Are CEOs taking the blame for the decisions of the board?
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Rio’s $14 billion rough ride
Rio Tinto’s recent uranium acquisition of the Canadian Roughrider deposit is said to be just one project that will be written down in a massive round of impairments.
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Albanese steps down as head of Rio Tinto
Rio Tinto's head of iron ore Sam Walsh is the new CEO of Rio Tinto following Tom Albanese's shock exit last night.
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Rio warns of more job losses as it cuts costs
Rio Tinto chief Tom Albanese has warned of more job cuts ahead as it cuts costs and Chinese demand weakens.
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Resource nationalism stokes miners’ fears
The growing global threat of resource nationalism has been rated as the number one fear for miners in a new Ernest & Young report.
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Rio announces massive investment in the Pilbara
Rio Tinto has announced it will invest US$3.7 billion in the Pilbara to expand its iron ore operations.
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BHP’s Nasser hit out at deteriorating BMA situation, industrial relations in Australia
BHP chairman Jacques Nasser has hit out over the government's industrial relations policy and the union stalemate at its BMA coal mines.
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