Thursday, January 17, 2013 12:16 pm
News Summary: Rio Tinto CEO departs
By The Associated Press
COAL FACTS: The company said that developing infrastructure in Mozambique was more challenging than expected, and it had also downgraded its estimates of recoverable coal volumes.
INCOMING: Departing CEO Tom Albanese and Doug Ritchie led the Mozambique acquisition. They'll stay on till July 16 to help with the transition to new leadership. Sam Walsh, head of the iron ore division, becomes chief executive.