Trial of Rio Tinto staff starts

14:47, March 22, 2010      

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The trial on four employees from Rio Tinto, the world's third-largest mining company, started Monday morning at Shanghai No.1 Intermediate People's Court.

Stern Hu, an Australian citizen of Chinese origin and general manager of the company's Shanghai office in charge of the iron ore business in China, along with his collegues Liu Caikui, Ge Minqiang and Wang Yong, were detained on suspicion of bribery and stealing commercial secrets last July.

Regarding the trial, Rio CEO Tom Albanese said in his speech at the China Development Forum which opened Monday morning that although the issue was of "great concern" to the company, Rio would "respectfully await the outcome of the Chinese legal process".

On March 19, Rio Tinto and Aluminum Corporation of China Limited (Chalco) has signed the non-binding memorandum of understanding to establish a joint venture to develop the Simandou iron ore project located in Guinea in West Africa. The iron ore products of this project will be sold to Chinese market.

By People's Daily Online
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