Glencore strikes deal to test copper technology at Chilean mine
Glencore’s Lomas Bayas mine agreed to begin on-site testing at scale of a leaching process developed by Ceibo.
Mining giant Anglo American (LON:AAL) has filed a civil suit in Brisbane against a former project director claiming he pocketed more than $3.5 million (A$4 million) from the company in the past year.
The company alleges that Glenn Tonkin, 50, ran an elaborate scheme involving fake invoices, a New York consulting firm that did not do any work, and email correspondence with a made-up supplier in Florida, ABC reports.
He quit in September, the article adds, when confronted by Anglo’s head of human resources with evidence of allegedly manipulated emails.
According to court documents, Tonkin sent money destined to pay suppliers to private bank accounts in Barbados and London.
Tonkin salary was not a modest one. He was getting over A$350,000 a year to run Anglo’s $2 billion Grosvenor underground coal project at Moranbah in central Queensland, which the miner describes as its “flagship” venture in the state.
4 Comments
miket
Dig a little deeper guys – this is NOT an isolated incident ! And while you’re at it, take a long, hard look at those freebies which the senior management is so keen on bestowing on their staff: follow the money.
Itabirite
No surprising from what I’ve seen of the Anglo exec culture outside of SA. Quite an entitlement, me first attitude.
Xxooecocet
He should have put,the human resource person in a waste skip
Peter Worthington
Geez take look at the 3 Biggest Iron Ore Mines in WA