Rio Tinto to Book $14 Billion Charge; C.E.O. Steps Down - NYTimes.com: "5:42 a.m. | Updated
LONDON — Two expensive acquisitions have come at a steep price for Rio Tinto, the Anglo-Australian mining giant.
The company, the world’s second-largest mining company after BHP Billiton, said on Thursday that it was taking a $14 billion write-down on the value of aluminum and coal mining assets — a huge amount that came as a surprise to some analysts and investors."
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