Opinion

Rio's paradox: Bad is bad, and so is good

Decisions in Australia and Mongolia deliver Rio Tinto one of those days where even claimed successes look for all the world like setbacks.

Matthew StevensColumnist

Dec 13, 2019 – 12.00am

Email LinkedIn Twitter Facebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Rio Tinto has had another one of those days where the bad looks worse than it originally seemed and the good looks just a little bit threatening.

The unquestionably bad arrived in the form of corrective sanction from Australia’s Takeovers Panel after it found predictable fault with the way Rio Tinto had approached the task of recapitalising the dying star of its withered uranium ambitions, Energy Resources of Australia.