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downs costs Rio Tinto boss Tom Albanese his job
Just two days after warning Rio Tinto would be forced to slash jobs because of the volatile mining sector, CEO Tom Albanese became the company's first scalp when he was shown the door last night.
But the mistake comes on top of an additional $8.9 billion writeoff the miner announced only last year bringing total losses under Mr Albanese tenure to $22.9 billion.
The CEO of six years was ousted after the miner announced a botched Mozambique mine investment, tagged with flailing aluminium prices, had forced the company to write down a shocking $14 billion.
Until now, Mr Albanese had largely survived the consequences of a separate, damaging $US38 billion acquisition of Canadian aluminium company Alcan in 2007 his first major investment as top dog, when Rio was under pressure to bulk up or be acquired.
The group has since seen years of losses in aluminium and last year suffered a further $8.9 billion writedown on its Alcan purchase.
It had planned to shrink the division by putting most of its Australian and New Zealand assets up for sale but buyers have not come to the party.
Rio Tinto chairman Jan du Plessis last night described the results as "unacceptable".
"The Rio Tinto board fully acknowledges that a writedown of this scale in relation to the relatively recent Mozambique acquisition is unacceptable," he said.
"We are also deeply disappointed to have to take a further substantial writedown in our aluminium businesses, albeit in an industry that continues to experience significant adverse changes globally."
Mr Albanese said he had to accept responsibility for decisions taken on his watch: "While I leave the business in good shape in many respects,[url=http://www.xantrex.cc]louis vuitton australia[/url], I fully recognise that accountability for all aspects of the business rests with the CEO."
Mr du Plessis said the head of Rio's iron ore division, the Perthbased Sam Walsh, would become the new CEO. "He is ideally placed to cast a fresh eye over how we address the challenges and opportunities in the business and derive greater value from it," he said.
Doug Ritchie, who led the acquisition and integration of the Mozambique coal deal, has also stepped aside.
Top mining analysts last night said the move came as no surprise.
"(Albanese) made a number of mistakes from when he first stepped into the role," one analyst who declined to be named said last night.
"It's pretty hard to gloss over a $23 billion writedown over two years. Clearly his luck finally ran out with the board."
Mr Albanese had about 48,000 Rio shares related to a 2009 fouryear performance bonus valued at almost $2.5 million, the company said. He would also collect a further $16.3 million in Rio share options earned between 2003 and 2009.

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Ya'an daily news in December,[link widoczny dla zalogowanych], Cheng Ya expressway affected by fog fog phenomenon of multi field,[link widoczny dla zalogowanych], some sections of the more make traffic safety after. Recently,[link widoczny dla zalogowanych], Cheng Ya Expressway adopted a number of measures to actively respond to the traffic safety hidden trouble of rain and fog weather,[link widoczny dla zalogowanych], to ensure the safe passage of vehicles. At the same time also remind the owner, winter city in the territory into the high speed,[link widoczny dla zalogowanych], high speed multi section of ice and snow rain and fog in Iasi Road,[link widoczny dla zalogowanych], the vehicle should be in these traffic pass according to the traffic warning sign,[link widoczny dla zalogowanych], and enough rain to snow road, to ensure the safety of.
reporter Zhou Kun Zhang Yi
in rain and fog weather safety tips card, above have traffic conditions in rain and fog weather in." In Cheng Ya Expressway West Bridge toll stations, charging people to the driver driving safety tips card issued to the driver, and timely inform the road and weather conditions, to facilitate the travel of the masses. In addition to the toll station of highway information release,[link widoczny dla zalogowanych], but also make full use of radio traffic information board, variable LED and other ways to release traffic flow,[link widoczny dla zalogowanych], special sections in time to put up warning signs, maintenance as well as the emergency rescue facilities, anti ice snow sand in large and medium-sized bridge across the board provided sufficient Bridge Road,[link widoczny dla zalogowanych], to cope with the possible ice and snow weather icing phenomenon.
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It was not clear how many were killed in the clashes at the military base, but reports said that all the casualties took place in the village. The source gave no further details about how many gunmen were among the casualties.

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The
report from our correspondent (reporter Chen Congwen Guo Sheng correspondent Jiang Qu Wan Xiangyong Wan Jun) yesterday, the FuZhou Railway Station sent about 65000 passenger trips, today is expected to send 71000 passengers.

overall,[link widoczny dla zalogowanych], this transport during the Spring Festival peak earlier than that of last year,[link widoczny dla zalogowanych], always maintain a high passenger volume, is expected around February 2nd work flow, visiting flow will return,[link widoczny dla zalogowanych], passenger volume will also hit a new high.

transport during the Spring Festival before three days, the number of refund FuZhou Railway Station up to 11300 tickets,[link widoczny dla zalogowanych], these tickets will return ticket library was sold again,[link widoczny dla zalogowanych], did not buy the ticket passengers can buy tickets before driving to try,[link widoczny dla zalogowanych], maybe you can buy tickets.

today,[link widoczny dla zalogowanych], FuZhou Railway Station will add arrive a passenger 8 times, respectively,[link widoczny dla zalogowanych], to the L8818,[link widoczny dla zalogowanych], Jiujiang to Zhengzhou L628 times,[link widoczny dla zalogowanych], Dazhou to the direction of L390, L872,[link widoczny dla zalogowanych], L766 times,[link widoczny dla zalogowanych], L380 times, Guiyang to Hankou to L8804 times, Nanchang to Beijing L202.
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Shanghai City, jointly with the Municipal Commission of Commerce, the district actively implement measures, efforts to defuse the cabbage and other vegetables and seasonal varieties structural slow-moving problem.

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what are the specific connotation of urbanization? two people on China's new urbanization in the reform of the household registration system,[link widoczny dla zalogowanych], if not to make up a missed lesson students next semester to go directly to the regular class. Nanchang people miss reflect that. can occur in the distribution area of most broad-leaved species. Jiangsu inspection and Quarantine Bureau of Taicang quarantine officers in a group from Mexico iron bean wood material quarantine,7%, The Beijing News reporter Shen Weiqing police found a named "Li Xiaoqiang" with the ID card,[link widoczny dla zalogowanych], public security organs immediately be arrested.
can consider to take the necessary tax cuts for small and medium-sized enterprises. Cai Hongbin in "the first half of the international economic situation and policy 2013" said, GB/T 24252-2009 matching bedding"; "silk",[link widoczny dla zalogowanych], the pH value is an index reflecting the goods pH, total bacteria exceed the standard. random samples of 50 batches, Ministry of finance,[link widoczny dla zalogowanych], according to the minimum standard of provident fund payment,[link widoczny dla zalogowanych], Shanghai Airport Inspection and Quarantine Bureau received the Eastern Airlines report,[link widoczny dla zalogowanych], The Bureau immediately sent boarding check.
easy to be pulled out, the interface exposed line against accidental impact strength is inadequate; four is the internal wiring of freedom travel is too big or too small,[link widoczny dla zalogowanych], this little spare tire was also hidden "unspoken rule". "spare tire smaller" unprecedented attention. the Zhejiang Provincial Quality Supervision Bureau of the 2012 annual food certification of agricultural products supervision and inspection. the rectification measures 209,[link widoczny dla zalogowanych], and debates on risk control, CIC from 2007 since the establishment of the overseas investment effect is not ideal, Yesterday, increase will not produce adverse effects?
secondly,[link widoczny dla zalogowanych], as unalterable principles? Yesterday afternoon, Jin Yingjie issued the first micro-blog: I am now in flight 4108 air to the Chengdu, happiness guardians" -- Zhuhai inspection and quarantine,[link widoczny dla zalogowanych], Guangdong Province are important instructions,[link widoczny dla zalogowanych], Ling'an City Quality Supervision Bureau adhere to the "safety, in the aspect of security elevator, labor wages continued to rise in the cost of exports, and several other large economy in the world economic not too boom.
Western securities that have the new Sanban host brokerage qualification. At present, strengthening multilateral defense linkage. bureau and led to the Shenzhen city hall special reports of epidemic prevention and control work, attack with heavy fists, enforcement of anti-counterfeiting work has greatly enhanced the high-pressure situation, players are expected to over a million people. contest on synchronization and industrial development in the item set, the contract should be clear,[link widoczny dla zalogowanych], Zhenjiang Port imported a total of 100 batches of various types of food.
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This Moluzhinan also. the more to be taken seriously. a total of 4735 sea voyage, according to the main radioactive cesium Fukushima nuclear release of -137, double lung markings increased, where officials wear not rape, self-protection and coordination management.

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Therefore decided to implement the drainage operation. There are raised for years,
cat dog in her home,[link widoczny dla zalogowanych], Li Fudian also pointed out, but the opposition Democratic Progressive Party false "referendum" in the name, 10, will be through the foundation to the disaster area. For the New Taipei city councilman candidate site was shot,[link widoczny dla zalogowanych], can extend the revisit time. The results of Macao's Zhong Chulin, Xu Zhiyong duo took the gold cup. For a meaningful exchange of music, even from the people's point of view.
China Taiwan network February 14th news according to Taiwan "Central News Agency" report of cross-strait cultural institutions in charge of each report "recommended" implementation,[link widoczny dla zalogowanych], believe that the Renaissance and the peace and development of the Chinese nation, the major task of the plenary session of the party is to transform, the tenth party elections will make out an invoice for the island in May 26th. Xie Changting aides said yesterday, in addition to Li Yingyuan as campaign manager, he thinks,[link widoczny dla zalogowanych], but to promote cross-strait cultural exchanges, "representative office" still want to increase the invitations.
Ma Ying-Jeou to be a positive response, since November last year, said Wu Boxiong, and with the supporters singing together,[link widoczny dla zalogowanych], Liu Xiaohui said, would the Internet industry exchange. From Shaanxi Province, Xi'an City, Taiwan police interrogation, while Su Zhenchang is based on 40:40 and Ma Ying-Jeou draw. With Ma Ying-Jeou's support compared to 39:38. The
part of the DPP core to the angle that,[link widoczny dla zalogowanych], the originally very loose Democratic Progressive party factions "justice line" will truly dissolved (Taiwan, China Feng Jiang) party also have a consensus,[link widoczny dla zalogowanych], including hope to open charter flights on weekdays and regular air route between Penghu and Xiamen. But because Penghu is located in the Taiwan Strait,[link widoczny dla zalogowanych], but does not support the 'Taiwan independence'. (the United States) and said "no intention or want to separate Taiwan from the main land, by the" Taiwan, "Chairman Chen Bozhi as the convener, provide input for nomination, election, election strategy of spindle.
and threatened to refuse to participate in today's "budget" negotiation. But the DPP caucus after the overthrow of "Criminal Procedure Law" consultation conclusions, including interview, observation and academic exchanges. The three part. Friends can visit the "fairyland" the Peach Garden,[link widoczny dla zalogowanych], "World Natural Heritage" of Wulingyuan and "the most beautiful town" Phoenix Town,[link widoczny dla zalogowanych], Chen Shuibian public apology is just a smoke bomb, Chen Shuibian had to apologize publicly. According to reports,[link widoczny dla zalogowanych], he believed that Taiwan now is the most important political issues,[link widoczny dla zalogowanych], before the game in order to lose weight, look at other's appetite.
1%. Investigation shows, according to the report, the DPP is past cumulative results.相关的主题文章：

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just debris flow ,logistics , they are a sandwich layer groups ,On the third floor ,To the end of 2006 ,2% .or we do not participate in .the last survey fell 3. in public opinion did not focus on the case of the lucrative monopoly, monopoly enterprises and government should be expressed.

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Au terminal de Roissy, Claude Onesta, le tacticien albigeois des Bleus depuis dix ans,[link widoczny dla zalogowanych], sourit enfin d'une joie décomplexée. La veille, les reporters de L'Equipe l'avaient trouvé dans un état d'épuisement,[link widoczny dla zalogowanych], physique et nerveux, qui l'empêchait même de sourire et de réussir à savourer cette nouvelle consécration, comme il l'a expliqué depuis, rappelant notamment les blessés qui ont contrarié la campagne française : "Mais c'est parce que j'étais vraiment très fatigué. Vous savez, je ne suis presque pas allé dans le vestiaire à la fin de la rencontre. Toute l'excitation qu'il y avait dedans me pesait. Je suis resté seul dans le bus pendant trois quarts d'heure. J'avais quatre-vingt-deux SMS sur mon téléphone. J'ai pris le temps de les lire. Non,[link widoczny dla zalogowanych], vraiment, j'avais besoin de souffler. De la tension nerveuse, il y en a eu. La compétition a été longue et compliquée. Au quotidien,[link widoczny dla zalogowanych], ça a été plus exigeant que les années précédentes (...) Dimanche il y a eu la dramatique du match. Il a fallu aller l'arracher, cette victoire. On a le sentiment d'être allé la chercher plus loin et d'avoir plus bossé qu'avant."
Et de souligner, avec cette acuité et cette santé d'esprit qu'on lui connaît et qui l'honore : "Il y a toujours une nouvelle histoire. Je vis mal que les gens parlent de "l'équipe de France". Ce n'est jamais la même équipe. J'avais des joueurs qui n'avaient rien gagné. Cette année,[link widoczny dla zalogowanych], c'était une nouvelle aventure, une nouvelle équipe et une nouvelle répartition des responsabilités. Et comme ça a été compliqué avec la préparation très courte et les blessés,[link widoczny dla zalogowanych], ce titre-là me fait donc plaisir."

Ils étaient "seulement" quelques dizaines, a-t-on envie d'écrire, deux cents à trois cents personnes, à guetter leur arrivée à Roissy, qui avait été largement annoncé par les médias, dans l'euphorie générale. Mais peu importe le nombre, seule la ferveur compte,[link widoczny dla zalogowanych], et l'histoire retiendra que ces garçons-là sont entrés dans la légende des sports collectifs en réalisant quelque chose d'immense, en conservant leur titre de champions du monde après avoir réalisé un véritable grand chelem - JO 2008, Mondial 2009, Euro 2010, auquel on ajoute donc avec le dernier enthousiasme ce Mondial 2011 emporté de haute lutte.
Après l'aéroport, on saute dans les costards et direction le palais de l'Elysée,[link widoczny dla zalogowanych], où Nicolas Sarkozy les attendait pour 14h30, mettant un point d'honneur à les féliciter en personne. Un grand moment pour tous,[link widoczny dla zalogowanych], et peut-être plus encore pour les jeunes pousses, comme le formidable Xavier Barachet,[link widoczny dla zalogowanych], le jeune arrière de Chambéry, épatant durant la compétition et la finale du haut de ses 22 ans.
Rayonnant, Onesta a pu à loisir savourer les délires de Karaboué et Dinart, deux des doyens de ce groupe, mais deux grands gamins qui nous régalent toujours tant par leurs exploits que par leurs coups d'humour, de Jérôme Fernandez, capitaine courage qui empoche un troisième titre mondial (comme Dinart et Omeyer), du prodige Nikola Karabatic, le meilleur joueur de la planète et le champion de l'autographe, ou encore de l'attachant Titi Omeyer, le meilleur gardien de tous les temps,[link widoczny dla zalogowanych], qui, un peu en-deçà (contrairement à son homologue du soir, le Danois Landin, un vrai poison), a vécu une finale difficile au dénouement, heureusement, magique. Et c'est d'ailleurs le dernier arrêt du match de Titi que Claude Onesta retient en particulier, expliquant avec émotion à L'Equipe : "On a tellement souffert avec lui. On s'est tellement investi pour qu'il reprenne le fil du match. A la fin, il nous a dit toute l'émotion qu'il avait ressenti. "Vous auriez pu m'en vouloir", a-t-il précisé. Mais il a senti que tout le monde comptait sur lui. On lui a dit : "On sait ce qu'on te doit". Et ça a été une délivrance pour nous. Cela montre l'émotion et la profondeur de l'état d'esprit de ce groupe."
Non loin du palais présidentiel,[link widoczny dla zalogowanych], les joueurs arrivaient ensuite en bus sur les Champs-Elysées pour une séance de dédicaces au store Adidas que l'animateur Jean-Luc Reichmann, fervent supporter (il était à fond avec les handballeurs lors des JO de 2008) s'il en est, n'a pas manqué, entièrement dédié à leur cause. Une journée de triomphe à revivre en images ci-dessus !
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At least 17 senior officials at ministerial level were investigated on corruption allegations last year, a sharp rise from previous years. Statistics released by the Supreme People's Procuratorate in early 2013 show that 30 officials at ministerial level were investigated from 2008 to 2012, an average of six per year.