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Rio Tinto postpones decision on former CEO’s bonus over Guinea scandal

The world’s second biggest miner Rio Tinto has deferred for at least two years a decision on former chief executive Sam Walsh’s performance-related pay, after a scandal over $10.5-million in payments to a consultant in Guinea. The scandal erupted in November after Rio Tinto become aware of emails from 2011 that referred to the payments in connection with the vast Simandou iron ore project. Investigations are ongoing.