London rules the roost at Rio Tinto
If push came to shove between Australia and China, don’t expect Australia’s biggest iron ore miner to stand with you on the ramparts. Rio Tinto’s self-interest does not necessarily match Australia’s. Rio, which has just reported a buoyant profit and increased dividend despite the economic devastation of Covid-19 (mainly by selling Australian iron ore to China) is not really an Australian company.
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