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  • July 12, 2014
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  1. Business - Commodities - MINING

    Rio chief's exit a non-issue to clients

    Posted Jan 17th 2013, 06:20pm by Bloomberg

    ... the world's biggest buyer of iron ore, expect little change in the market after chief executive Tom Albanese leaves Rio Tinto. Albanese will leave Rio without a cash windfall, forgoing his bonus ... it will take about US$14 billion of write-downs. He will not get a short-term performance bonus for 2012 or 2013, or a lump-sum payment on leaving, the London-based company said. He will leave ...

    http://www.scmp.com/business/commodities/article/1130272/rio-tinto-boss-pays-price-calamitous-acquisitions
  2. Business - Companies - MINING

    Glencore shareholders dump chairman Bond

    Posted May 17th 2013, 12:00am by BLOOM

    ... for approval of a £144 million package in retention bonuses for 70 Xstrata managers. ...

    http://www.scmp.com/business/companies/article/1239325/glencore-shareholders-dump-chairman-bond
  3. Business - Commodities - MINING

    Rio chief Albanese exits over failed deals

    Posted Jan 18th 2013, 12:00am by BLOOM

    ... last year. The Alcan takeover, which also cost Albanese and chief financial officer Guy Elliott their annual bonus, saw Rio's debt rise as much as 19-fold and forced the company to seek ...

    http://www.scmp.com/business/commodities/article/1130578/rio-chief-albanese-exits-over-failed-deals

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