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Latest Stern Hu Stories

2009-08-10 06:16:19

Mining giant Rio Tinto, four employees of which are held in China, faced a new accusation its commercial spying cost China more than $100 billion in six years. The accusation, contained in an article on a Web site affiliated with the Chinese state secrets watchdog, said the Anglo-Australian company, a major supplier of iron to Chinese steel mills, engaged in commercial spying for more than six years. The Chinese agency said data on Rio Tinto's computers showed the espionage came at a huge...

2009-08-09 18:19:28

Employees of the British-Australian mining conglomerate Rio Tinto engaged in commercial espionage for at least six years, Chinese officials said Sunday. The allegations published Sunday on a Web site affiliated with China's State Secrets Bureau regarding four detained Rio Tinto employees were the first indication Chinese authorities believe the men conspired in a long-running spying operation, The New York Times reported. The Rio Tinto employees were arrested last month in Shanghai, accused...

2009-07-15 01:16:59

Rio Tinto employees allegedly bribed 16 Chinese steel mill executives, a source said in the widening investigation of the Anglo-Australian mining company. The accused executives were bribed during iron ore price talks, China Daily reported Wednesday quoting the source identified as an industry insider. China is the world's largest steelmaker and Rio Tinto is one of its major iron ore suppliers. China is holding four Rio Tinto employees, including Stern Hu, an Australian and Rio Tinto's...

2009-07-08 12:12:30

Chinese authorities have detained an Australian executive of international mining firm Rio Tinto on suspicion of espionage, the Australian government said. Foreign affairs minister Steven Smith said Stern Hu, an Australian citizen, was being held in China and could face criminal prosecution. The company, Rio Tinto, said four workers from its Shanghai office had also been detained, The New York Times reported Wednesday. Hu is the general manager of the firm's iron ore business in China. Smith...

2008-08-25 09:00:44

Major news items in leading Australian newspapers CANBERRA, Aug. 25 (Xinhua) -- The following are major news items in leading Australian newspapers on Monday. The Australian: -- Treasurer Wayne Swan has given approval for the Chinese government-owned mining giant Chinalco to acquire up to 11 percent of the Rio Tinto group in the first high-profile test of the Rudd Government's stance on more than 30 billion dollars (26 billion U. S. dollars) of Chinese foreign investment bids. The...


Word of the Day
caparison
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.
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