CAPITAL MARKETS

Albanese departure a long time coming

THE resignation of Rio Tinto chief executive Tom Albanese was a welcome development for shareholders, if Rio’s share price this morning was anything to go by.

Kristie Batten
Albanese departure a long time coming

Shares gained as much as 3.3% to an intraday high of $A66.76. While write-downs are nothing new for Rio, the straw that broke the camel’s back was the announcement yesterday of $US14 billion ($A13.3...

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