METAL DETECTIVE

Rio's reputation write-down

RIO Tinto has lost more than shareholders’ funds in its $US14 billion ($A13.3 billion) aluminium and coal write-down. It also shed reputation credits in its decades-long battle for bragging rights over rival BHP Billiton. <i><b>The Metal Detective</i>, By Stephen Bell</b>

Stephen Bell

We sometimes forget that big, global mining companies are run by people. People, no matter how fat their salaries, are prone to letting emotions and egos get in the way of rational investment decisions....

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