Mining giant Rio backtracks on supplier payment terms
Political pressure forces reversal.
Hot Topic
Local Govt
Global mining giant Rio Tinto has bowed to pressure and dropped a plan to extend its payment terms to suppliers from 45 to 90 days.
The move comes within weeks of New Zealand’s dairy co-op Fonterra imposing extended payment terms on some suppliers, to a storm of protest.
Media reports in
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Tim Hunter
Fri, 15 Apr 2016
Fri, 15 Apr 2016
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Mining giant Rio backtracks on supplier payment terms
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