Analysis: With Rio Tinto’s humiliating exit, a degree of sanity returns to mining in Mozambique

By IAfrica
In South Africa
Jul 30th, 2014
0 Comments
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Rio Tinto is one of the biggest companies on the planet. These guys don’t make mistakes, surely, especially ones that cost in the region of US$3.7 billion. Except sometimes they do. SIMON ALLISON examines why the mining giant is exiting Mozambique with a massive hole in its balance sheet – and its tail between its legs.

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