Rio Tinto's Aluminum Business `Weakest Part'
Feb. 14 (Bloomberg) -- Glyn Lawcock, head of resources research for UBS AG in Sydney, talks about the business outlook for Rio Tinto Group, which announces its financial results today.
Rio said Jan. 17 it appointed Sam Walsh as chief executive officer to replace Tom Albanese, who left after the company took $14 billion of writedowns on aluminum and coal assets. Lawcock also discusses the decision by China's Citic Group Corp to pay about A$452 million ($468 million) for a stake in Alumina Ltd. He speaks with Rishaad Salamat on Bloomberg Television's "On the Move." (Source: Bloomberg)