https://www.miningweekly.com

Albanese on Vedanta and Franco-Nevada boards

16th September 2013

By: Martin Creamer

Creamer Media Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Former Rio Tinto CEO Tom Albanese has chalked up two appointments since departing the British-Australian company in January.

The American takes the nonexecutive chairperson role at Indian company Vedanta Resources Holdings and has been appointed to the board of Canadian gold royalties company Franco-Nevada Corporation.

Albanese brings his experience as former CEO and analysts believe he is likely to give clarity to Vedanta's message.

Albanese is the first of top-level mining chief executives who resigned as fortunes soured in mining to take up a new position.

He left Rio after six years when the group revealed a $14-billion write-down almost entirely on the value of his two most significant buys, the Alcan aluminium company, and the Riversdale coking coal company in Mozambique.

Vedanta has just completed an 18-month overhaul of its structure.

Vedanta Resources Holdings is 100% owned by Vedanta Resources plc.

Franco-Nevada, which has interests in large gold development and exploration projects, pays monthly dividends.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:1.507 1.546s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: