Rio Tinto woes highlight infrastructure challenges
Issue 247
- 18 Jan 2013
| 2 minute read
Rio Tinto’s $3bn writedown from its Mozambique coal project offers a timely reminder of the infrastructure challenges of developing big projects in frontier countries. Rio Tinto bought Australia’s Riversdale Mining for $3.7bn in 2011, when other big mining companies were more cautious about bidding because of concerns about how to export the coal.
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