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Rio still squeezing larger suppliers

RIO Tinto is still trying to push larger suppliers out to 60 and 90-day payment terms, but its top brass has apologised for trying to squeeze smaller companies.

Andrew Duffy
Rio still squeezing larger suppliers

The apology came at Rio’s annual general meeting yesterday, with CEO Sam Walsh and chairman Jan du Plessis both admitting the issue had been handled poorly. “It was based on information that turned out...

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