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Rio shows a greasy hand in Guinea

Major diversified miner Rio Tinto (LN:RIO) has suspended Energy and Minerals chief executive Alan Davies after it discovered emails linking the company to payments of US$10.5 million to a “consultant” in Guinea that provided “advisory services” related to the massive Simandou iron ore project.

Rio shows a greasy hand in Guinea Rio shows a greasy hand in Guinea Rio shows a greasy hand in Guinea Rio shows a greasy hand in Guinea Rio shows a greasy hand in Guinea

Simandou is a puzzle both industry and government have so far spectacularly failed to solve

Rio, which chose the day of the US elections to make the big revelation, said it became aware of the 2011 “email correspondence” in late August and had notified the “relevant authorities” in the UK,

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