Bloomberg Law
Nov. 17, 2016, 2:50 PM UTC

Rio Tinto Fires Two Senior Executives Amid Payment Probe

Bloomberg Media

By Perry Williams, David Stringer and Jesse Riseborough, Bloomberg News

Rio Tinto Group fired two of its top executives over a payment connected to a giant iron ore project in Guinea in West Africa.

The world’s second-biggest mining company terminated the contract of Alan Davies, chief executive of its energy and minerals unit, as well as the contract of Legal & Regulatory Affairs Group Executive Debra Valentine after an investigation, it said Thursday.

Davies was suspended on Nov. 9 over the $10.5 million payment to consultant Francois de Combret in 2011 for assisting negotiations with Guinea’s President Alpha Conde on ...

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