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ARTICLE · 08 APRIL 2013

Australian Resources Sector Update: January/February Edition

Corrs Chambers Westgarth
Corrs Chambers Westgarth
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Corrs Chambers Westgarth

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This publication brings together a brief summary of information on recently completed deals and regulatory updates.

AustraliaEnergy and Natural Resources
Michael MacGinley
Michael MacGinley
Bruce Adkins
Bruce Adkins
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INTRODUCTION

Welcome to the January/February edition of the Australian Resources Sector Update , a monthly publication prepared by Corrs Chambers Westgarth for clients who are interested in the Australian resources industry.

This publication brings together a brief summary of information on recently completed deals, market rumours and potential opportunities, and relevant regulatory updates.

ASX-listed Rio Tinto announced on 17 January 2013 that it expects to recognise approximately US$14 billion of non-cash write downs in aluminium and coal assets in its 2012 full year results. Rio Tinto has further announced that Tom Albanese has stepped down as chief executive officer and will be replaced by Sam Walsh. The Sunday Express has reported that leading shareholders have requested that Rio Tinto conduct a review of its current business strategy.

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