Rio Tinto Chief Executive Officer Steps Down After $14B Writedown
January 17, 2013 - 10:09am
Mining giant, Rio Tinto plc (NYSE:RIO) (LON:RIO) announced, today, a $14 billion write-down in its Mozambique coal assets and ailing aluminum business, forcing its chief executive to resign.
The Anglo-Australian firm revealed its non-cash impairments, amounting to around 3 billion,The post Rio Tinto Chief Executive Officer Steps Down After $14B Writedown appeared first on ValueWalk.
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