Avoid Rio Tinto, Stick With BHP, City Index's Esho Says

Peter Esho, chief market analyst at City Index Ltd., talks about Rio Tinto Group Chief Executive Officer Tom Albanese's resignation and the outlook for the company.

Rio Tinto, the second-biggest mining company, will take about $14 billion of writedowns for failed deals in aluminum and coal led by Albanese, who departs after almost six years in charge. (Source: Bloomberg)

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