Rio Tinto ex­ec­u­tives sacked over scan­dal

China Daily (USA) - - BUSINESS -

Global min­ing gi­ant Rio Tinto on Thurs­day sacked en­ergy and min­er­als chief ex­ec­u­tive Alan Davies and le­gal and reg­u­la­tory af­fairs group ex­ec­u­tive De­bra Valen­tine over their roles in a West Africa pay­ment scan­dal. Rio said the de­ci­sion was based on the ini­tial find­ings of a com­pany in­ves­ti­ga­tion into deal­ings with a con­sul­tant, who helped Rio with its op­er­a­tions at the mas­sive Si­man­dou iron ore de­posit in Guinea, West Africa. Davies and Valen­tine, two of its ten most se­nior ex­ec­u­tives, were sacked af­ter Rio alerted cor­po­rate reg­u­la­tors in Aus­tralia, the United States and Bri­tain.

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