Faced with massive debt, the world’s oldest multinational mining company now has the opportunity to salvage its damaged reputation. But will it do so?
At the beginning of this year Rio Tinto was the world’s second biggest mining company by market capitalisation.
But, last week, it suffered the biggest fall in share price – and possibly credibility – of any world-class mining company for some years. Any contention that this was all down to the “credit crunch” fell on death ears.
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