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Miners rein in unbridled expansion plans

Posted on 28 January 2013

Sam Walsh’s first message to his employees could have been directed at the mining sector at large. The new chief executive of Rio Tinto referred to a need for “greater accountability and responsibility”, adding “we must treat the company’s money like it is our own and act like owners of our businesses not managers”.
Mr Walsh – whose elevation to CEO followed the surprise departure of Tom Albanese ten days ago – had good cause to press his staff for a change of thinking………………………………………..Full Article: Source


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