Why is mining giant Rio Tinto pushing ahead on a nearly impossible project? Possibly because China wants it done.
Illustration by Sam Ward
On a Friday morning in April this year, Simon Thompson, the outgoing global chair of the mining giant Rio Tinto, addressed the company’s shareholders in London for the last time. Thompson, who chose not to stand for re-election after Rio Tinto destroyed an ancient Aboriginal site in Western Australia in 2020, spoke with the somber optimism of a leader emerging from scandal and vowing to do better.
But amidst talk of “transition,” “rebuilding” and “strengthening,” ThompsonR
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
Navigate China's Business Landscape with Confidence.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKPrivacy policy
