Rio Tinto Defers Former CEO Walsh’s Bonuses Amid Guinea Payment Probe

Walsh agreed to defer millions in payments pending the results of an inquiry into a potentially unlawful $10.5 million handed to a consultant on the Simandou iron ore project. Rio Tinto Group has deferred millions of dollars of bonuses due to retired CEO Sam Walsh while investigations continue into a potentially unlawful $10.5 million payment connected to the acquisition of mining rights during his period in charge.