Rio Tinto’s Simandou Troubles Aren’t Over Yet

Mining giant Rio Tinto (NYSE: RIO) might have sold its interest in the massive Simandou iron ore project to its Chinese partner to rid itself of what was becoming a drain on its books, but it’s still causing the company fresh headaches. After reports of possible bribery involving the Guinean project, the head of Rio’s energy and mineral division and its executive in charge of legal and regulatory affairs were first suspended, and then had their contracts terminated. …read more

Read more here: Rio Tinto’s Simandou Troubles Aren’t Over Yet

Category: RIO

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