18 SEPTEMBER 2013www.globalpost.com
Ex-Rio Tinto boss joins Vedanta
Edited by : AL CIRCLE
1 min read
Miner Vedanta Resources on Monday said that it had chosen Tom Albanese, former chief executive of peer Rio Tinto, to be its chairman.
"Vedanta announces that Tom Albanese is joining the group as the chairman of its subsidiary, Vedanta Resources Holdings Ltd," a statement said.
Albanese stepped down as boss of Rio Tinto at the start of the year after the Anglo-Australian miner posted its first annual loss in 18 years on hefty writedowns at its Mozambique coal and aluminium businesses.
London-listed Vedanta traces its origins back to India, where tribal leaders have recently rejected plans by the company to mine bauxite, or aluminium ore, in the country's east.
"Vedanta announces that Tom Albanese is joining the group as the chairman of its subsidiary, Vedanta Resources Holdings Ltd," a statement said.
Albanese stepped down as boss of Rio Tinto at the start of the year after the Anglo-Australian miner posted its first annual loss in 18 years on hefty writedowns at its Mozambique coal and aluminium businesses.
London-listed Vedanta traces its origins back to India, where tribal leaders have recently rejected plans by the company to mine bauxite, or aluminium ore, in the country's east.
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