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acquisition of Alcan Inc.

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On the 17th of January, Rio Tinto Plc, the world’s second largest mining company, informed that its chief executive officer Tom Albanese would resign because of a $14 billion write-down on the value of assets which he supervised. The impairment charge mainly is associated with the $38 billion takeover of Alcan Inc. and the $4 billion coal purchase in Mozambique.

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