Chief Executive of Rio Tinto’s Iron Ore division Sam Walsh has accused the Federal Government of punishing the mining sector, by using it to prop up the rest of the economy.
Tags: Chief Executive, economy, Federal Government, Iron Ore, rio tinto, Success
Posted in Money
Rio Scraps Multi Million Dollar Expansion – Rio Tinto has raised the stakes in the mining industry’s fight with Kevin Rudd over his new super tax by shelving its $11 billion expansion plans in Western Australia. In a fresh blow to the Prime Minister’s tax reform plans, the mining giant said it would withdraw its [...]
Tags: Bhp Billiton, Coal Projects, Dollar Expansion, Energy Prices, Expansion Plans, Industry Executives, Iron Ore, kevin rudd, Massive Iron, Mining Industry, New South Wales, Origin Energy, Power Plants, Profit Tax, Retail Energy, rio tinto, Scraps, Tax Reform, Viability, Western Australia
Posted in Money, Politics
Stern Hu Jailed For 10 Years – AUSTRALIAN Rio Tinto executive Stern Hu has been sentenced to 10 years jail by a Chinese court after being found guilty of accepting bribes and stealing trade secrets. The case against Hu has strained relations between Australia and China, with the three-day hearing taking place last week in [...]
Tags: Australian Diplomats, Bribery, Bribes, Chinese Court, Chinese Men, Closed Circuit Television, Closed Doors, Commercial Espionage, Commercial Secrets, Consular Officials, Eight Months, Harsh Sentence, Jail Terms, Million And One, Mr Smith, rio tinto, Shanghai Office, Stephen Smith, Wang Yong, Yong Liu
Posted in Politics
THE share market was almost one per cent higher at noon, led by miner Rio Tinto and the major banks. At 12:00 (AEDT), the benchmark S&P/ASX200 index was up 38.8 points, or 0.86 per cent, at 4552.2 while the broader All Ordinaries index had gained 39.1 points, or 0.86 per cent, at 4572.1. On the [...]
Tags: adviser, Asx200, banks, Contracts, Dividend Increase, Financial Sector, jobs, led, Local Market, Michael Heffernan, rio tinto, share market, Share Price Index, Shares, Sparkle, Sydney Futures Exchange, telstra, Unemployment Figures
Posted in Money
A website run by the State Secrets Bureau and the state-run publishing house Golden Press said yesterday information from the company’s computers seized after the arrest of Australian executive Stern Hu showed six years’ worth of data that could be considered state secrets. State secrets, a broad and vague term used as something of a [...]
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