News Wrap

IN THIS morning’s News Wrap: NSW Coal mine investigated over waste spill; Rio Tinto boss says women need more confidence; and new Cardno boss gives himself 100 days to keep ‘vultures’ at bay.

Lou Caruana

NSW Coal mine investigated over waste spill

The NSW Environment Protection Authority is investigating a spill of coal waste and water from the Clarence Colliery mine near Lithgow into the Wollangambe River, according to the Sydney Morning Herald.

The agency learnt of the incident, believed to be the collapse of a coal waste dump, on Thursday morning, and coal material had affected at least 150m of the river, the EPA said.

Rio Tinto boss says women need more confidence

Rio Tinto boss Sam Walsh is looking to fill the company's senior ranks with more women, but says female employees need to be more confident, according to the Sydney Morning Herald.

With 82% of the mining giant's workforce made up of men, Walsh has acknowledged that the gender gap needs to be closed, especially within Rio’s senior management ranks.

But he says one of the problems is that women just aren't confident enough in the workplace when it comes to climbing the corporate ladder.

New Cardno boss gives himself 100 days to keep ‘vultures’ at bay

Cardno's new boss Richard Wankmuller gives himself 100 days to satisfy prowling corporate interests that he has a credible plan to save the struggling engineering firm, according to the Australian Financial Review.

The New Jersey-born Wankmuller, who starts with Cardno this week after coming from overseeing the integration of rival GHD's American businesses, said he will take 30 days to identify the underlying problems that have cut almost half the value of Cardno’s share price since the start of March last year.

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