Chinese-Australian mining company Rio Tinto has fired two senior executives following an investigation into alleged payments of £8.5m ($10.5m) to consultants in relation to the Simandou project in Guinea. As we reported previously, energy and minerals head Alan Davies was suspended last week and head of legal affairs Debra Valentine has resigned. Last month, Rio Tinto sold its shares in Simandou, which contains the world's largest untapped iron ore deposit, to Anglo consortium Chinalco.
Anglo-Australian mining company Rio Tinto has fired two senior executives following an investigation into alleged payments of £8.5m ($10.5m) to consultants in relation to the Simandou project in Guinea. As we reported previously, energy and minerals head Alan Davies was suspended last week and head of legal affairs Debra Valentine has resigned. Last month, Rio Tinto sold its shares in Simandou, which contains the world's largest untapped iron ore deposit, to Chinese consortium Chinalco.