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Albanese out as Rio posts $14B write-downs

RIO Tinto chief executive Tom Albanese has resigned and has been replaced by iron ore boss Sam Wa...

Kristie Batten

It comes after an $8.9 billion impairment on its aluminium business in last year’s annual results, while this year’s write-down will be a further $10-$11 billion. The CEO change is effective immediately...

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