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