Avoid Rio Tinto Stock, Stick With BHP Billiton

Avoid Rio Tinto Stock, Stick With BHP Billiton Play

Jan. 18 (Bloomberg) -- Peter Esho, chief market analyst at City Index Ltd., talks about Rio Tinto Group Chief Executive Officer Tom Albanese's resignation and the outlook for the company. Rio Tinto, the second-biggest mining company, will take about $14 billion of writedowns for failed deals in aluminum and coal led by Albanese, who departs after almost six years in charge. (Source: Bloomberg)

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