Monday, the four executives, three Chinese nationals and one Australian from Australian mining giant Rio Tinto (and so dubbed The Rio Four by Mineweb) , were convicted of bribery and stealing commercial secrets after a closed, two-day trial in Shanghai. Their sentences ranged from seven to fourteen years. One defendant has already said he will […]
Australian Foreign Minister Steven Smith stated today that Stern Hu, General Manager of Rio Tinto China, was detained on espionage charges earlier this week. Hu’s firm, Rio Tinto, is a major Australian supplier of iron ore (a necessary ingredient for making steel). The company is currently negotiating annual contracts with China that dictate pricing terms […]