Francois de Combret has been named as the consultant who received a $US10.5m ($A13.7m) payment from Rio Tinto in connection with its Simandou iron ore project in Guinea. Rio Tinto executive Alan Davies has been suspended in the wake of revelations that the resources group is investigating the payment. It has also been revealed that former Rio Tinto CEOs Tom Albanese and Sam Walsh were involved in email discussions with Davies regarding the payment. Walsh was the head of the group’s iron ore division at the time.
Access our investment insights free
Not understanding the financials of even big blue chips can cost you precious income such as when Telstra reduced their dividends.
This is why our hugely popular Income report has become a must read report for all income investors
Download the Income Report for free to get the top ASX Dividend Stock Recommendations for 2018.