Rio Tinto: bribery allegations without foundation


ADELAIDE: Bribery allegations against four Rio Tinto Ltd. employees detained in China are "wholly without foundation," the mining giant said Friday, as Australia continued to press Beijing for details of a case that is straining ties between the two nations.

Rio Tinto's iron ore chief executive Sam Walsh said the company is very concerned about its employees, who were detained July 5 on spying charges while Rio was acting as lead negotiator for global iron ore suppliers in contentious price talks with Chinese steel mills.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Malaysian millennials lead as most financially literate generation
Oil stabilises after sharp drop on demand concerns, easing of Middle East tension
China to keep expanding market access
Asia stocks bounce as soaring dollar pauses
TSMC's first quarter profit rises 9%, beats forecasts
Asia FX gains on respite from dollar strength, equities rally
Bursa Malaysia mixed at midday break, key index up
Dialog Axiata inks deal to acquire Airtel Lanka via share swap
ACE Market-bound Sin-Kung targets RM26mil in proceeds from IPO
Smart Asia to issue 93.5mil shares, en route to ACE Market listing

Others Also Read