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.
Rio Tinto PLC (RIO) has appointed John Varley, the former chief executive of Barclays PLC (BARC.LN), as a non-executive director to Rio Tinto’s board of directors in the U.K. and Australia, starting Sep 1. Rio Tinto doesn’t have a system for directly