Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
MONTREAL, Jan. 29, 2012 /CNW Telbec/ – Rio Tinto Alcan confirms an employee has succumbed to their injuries following an incident on the Roberval-Saguenay railway in Quebec. Rio Tinto Alcan, the CSST, the Sûreté du Québec, and the Ministère des Transports du Québec are conducting investigations to determine the cause of the incident. Rio Tinto Alcan will fully cooperate with the authorities. Rio Tinto Alcan has suspended operations on the Roberval-Saguenay railway until further notice.
“This is a very sad day for all of Rio Tinto Alcan as there is nothing more important to us than the safety and well-being of our employees. Our deepest sympathies and thoughts are with the employee’s family and we will do everything within our power to support them and the employee’s co-workers during this difficult time”, said Etienne Jacques, chief operating officer, primary metal, North America for Rio Tinto Alcan.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.
