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Business News

James Moore: Rio falls foul of yet another government

Outlook Is Rio Tinto the most accident-prone company on the FTSE 100 (except BP, of course)? It looks that way. The miner is embroiled in yet another row with a government (this time it's in Guinea, and about iron core concessions).

Then there is the ongoing barney with the Aussies over their proposed new mining tax. Just a year ago, four Rio executives found themselves in Chinese jails thanks to a bribery and espionage scandal. It's really not clever to fight with people who hold title over your main product. Time for some soft power?