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Tom Albanese

13th March 2015

By: Martin Creamer

Creamer Media Editor

  

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Full Name: Tom Albanese

Position: Group CEO of Vedanta Resources and chairperson of Konkola Copper Mines

Main Activity of the Company: Vedanta is a globally diversified mining company

Date and Place of Birth: September 9, 1957, New Jersey, Ohio, US

Education: Bachelor’s degree in mineral economics; master’s degree in mining engineering, University of Alaska, Fairbanks

Career Path: 1981 to 1983, junior engineer on an Alaskan gold project acquired by Nerco; 1989 to 1993, COO of Nerco, acquired by Rio Tinto; 1995 to 1998, group exploration officer, Rio Tinto, London; 1998 to 2000, VP, Kennecott Utah Copper; 2000 to 2001, MD, North Iron Ore; 2004 to 2006, CE: copper and exploration, Rio Tinto, and 2007 to 2013, Rio Tinto CEO; from 2013, board of directors, Franco Nevada Corporation

Pay: £1-million 2014/15 (2014 annual report)

Value of Assets under Your Control: $40-billion market capitalisation (September 25, 2014)

Number of People under Your Leadership: 88 000 direct and indirect employees across the globe

Management Style: Team orientated and inclusive. I particularly enjoy visiting operations, meeting individuals within the organisation and hearing what they are thinking

Personal Best Achievement: Steering Rio Tinto through a series of challenging corporate and global financial circumstances and coming out of all that with a company much stronger than before

Person Who Has Had the Biggest Influence on Your Career: Several very important mentors and educators

Person You Would Most Like to Meet: I have had the opportunity to meet just about anyone I want to meet

Philosophy of Life: We always have to keep learning; never stay static

Biggest Ever Opportunity: Be ready to seek out opportunities, even if at first they may not seem like opportunities. For a person developing a career, from time to time, lateral moves can be the most important

Biggest Ever Disappointment: I am very disappointed every time I hear about a fatality at one of our operations

Hope for the Future: I see a lot of hope in India. The current government of India wants to lift literally hundreds of millions of Indians out of poverty. I share this hope; it is good for India and important for our business

Favourite Reading: 1422, by Gavin Menzies, a book on Chinese explorers circumnavigating the world and discovering the African and South American continents in 1422, before Columbus

Favourite Food/Drink: I love all sorts of food and all sorts of drink, but one must drink in moderation, of course

Favourite Music: Classic rock

Favourite Sport: I enjoy walking; I swim at least once a week; I haven’t had much time for skiing lately, but if I have a chance to ski, I will

Hobbies: I like to read to keep up with everything, plus the occasional novel; I like crime novels

Pets: One dog, a small Japanese breed

Miscellaneous Dislikes: I try not to dislike anything

Married: To Mary (née Ross) for 35 years

Children: Two daughters

Latest Mining Weekly interview comment: “Anything we get from Gamsberg will be a straight dividend.” Vedanta is currently turning Gamsberg, one of the world’s largest zinc deposits, which is situated near the mining town of Aggeneys in South Africa’s Northern Cape, to account

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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