NO DIVIDENDS FOR TEN YEARS

New Rio Tinto CEO Jean-Sebastien Jacques is seen during an interview in Mongolia earlier this month, where he declared a ten-year freeze on dividend payments from the partly government owned Oyu Tolgoi copper mine to allow Rio to complete a $5.3-billion underground expansion. Rio and Mongolia have been each other’s throats since Rio took control of the project in 2010. Jacques, who once did a stint at the Palabora copper mine in South Africa, was previously able to diffuse tension by inviting former Mongolian Prime Minister Chimediin Saikhanbileg to his west London home to pave the way for a crucial $4.4-billion financing accord.