Resurrecting Rio

Rio Tinto’s chief has fallen after another round of massive write-offs but, as Gaurav Sodhi explains, the business may now be on the mend.

Being the chief executive of one of the largest and most eminent mining houses in the world is supposed to be a plum job during a boom. For Rio Tinto’s boss, it hasn’t been. Tom Albanese stepped down as chief executive yesterday as the miner announced yet another round of enormous asset impairments.

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