Don't leave me: Rinehart wants Rio's new boss to stay in Oz
Perth-based mining billionaire Gina Rinehart has suggested that the new boss of Rio Tinto, Sam Walsh, should relocate Rio's London headquarters to Perth.
Rio is in a joint venture with Rinehart's company, Hancock Prospecting, in the Hope Downs iron ore mine, a project for which Walsh has been directly responsible.
More than 80% of Rio's profits come from its iron ore division, which is based in Perth. However, three-quarters of its shares are listed in London.
Rinehart has made no secret that she hopes for an ally in her campaign to overturn the carbon tax in the newly-elevated Walsh.
Kath Walters
Kath Walters is the editor of LeadingCompany and an award-winning journalist of 15 years’ experience. Kath was previously a senior writer and editor at BRW magazine covering management, strategy, finance, entrepreneurship and venture capital across all industry sectors. In 2006, Kath won the Citibank Award for Excellence in Journalism (General Business). Follow her on Twitter @KathWalters
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