Rio Tinto Appoints Ian Bauert as Managing Director for China

Submitted by Jim Thesiger on 5 February, 2010 - 16:03

Australia based mining giant Rio Tinto (RIO) has taken fresh moves to enhance its ties with China by appointing a new managing director for that country. Rio stated that the new managing director- Ian Bauert will take new role for the company in China and will be based in Shanghai. One of the primary goals for Mr. Bauert will be to re-establish the Rio-China relationship after it took a major blow due to the arrest of its former managing director Anthony Loo and four others in suspicion of bribery and passing confidential information of the state. The executives of the Rio Tinto were charged with bribery and industrial espionage during August last year after they were arrested on July 5th. Right now they are awaiting a decision regarding whether they will face trial.

According to Tom Albanese, the chief executive of Rio Tinto, the new role for the company there in China would be to enhance its relationship with the country and added that the skills and experience of the new managing director will help the company to move forward with it. Mr. Albanese termed China as one of the most important partners of the mining giant. It is to be mentioned that Rio Tinto a team of 160 employees in Beijing, Shanghai and Guangzhou will work under the leadership of Mr. Bauert who established the first office in China more than two decades ago and held a number of senior positions in the company.

It is to be mentioned that Rio Tinto is one of the leading companies in the mining industry of the world which comprises Rio Tinto plc. and Rio Tinto Limited. Rio Tinto Limited is listed in the Australian Stock Exchange and has its executive offices in Melbourne and Rio Tinto plc is listed in the London stock exchange and headquartered in UK.