China may widen an investigation that led to prison sentences for four Rio Tinto Group executives, including Stern Hu, after they were found guilty of bribery and stealing commercial secrets, the Australian reported. The probe may include at least 19 Chin
When Rio Tinto Group decided it had to part with Chief Executive Officer Tom Albanese, the second- largest mining company turned to Sam Walsh, whose iron ore unit has generated almost $40 billion in profit in seven years.
Former Rio Tinto Group official Stern Hu , serving 10 years for taking bribes and espionage in a Chinese jail, may get to serve out the rest of his sentence in Australia under a planned prisoner exchange treaty.
Australia and China signed new accords worth more than A$10 billion ($8.8 billion), expanding their energy and resources trade ties, Prime Minister Kevin Rudd said during a six-day visit by Vice President Xi Jinping .