Business

Is Rio accident-prone, unlucky or is there a bigger governance problem behind its series of poor director and senior ...

Mining scandals: Rio Tinto's governance fiasco

In the wake of yet another Rio Tinto director resignation under a scandal-heavy cloud it's only fair to ponder whether this company is accident-prone, unlucky or if there is a bigger underlying governance malfunction behind its series of poor director and senior management choices.

The dramatic coal price rally of 2016 was not enough to bring Yancoal into profitability.

Rio backs Yancoal coal offer over Glencore

Rio Tinto selected Yancoal on Tuesday to buy its Coal & Allied division in Australia for $2.45 billion, surprising commodities trading giant Glencore, which had put in a higher bid.