A gauge of mining shares is extending gains after its best December since the financial crisis as investors flee to haven assets amid a slump in the broader equities market and a U.S government shutdown.
Rio said it would postpone any short- and long-term incentives owed to Sam Walsh for a minimum of two years. Rio is now planning to extend that time period.
Tropical Cyclone Penny slammed into the far north coast near Rio Tinto Group’s Weipa bauxite mine, triggering warnings of flash flooding and damaging winds.