News: Rio Tinto adds to board, adjusts Laramide J

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Rio Tinto Limited (ASX:RIO, LON:RIO) has announced two new board appointments and also today amended the terms of a deal with Laramide Resources Limited (ASX:LAM, TSE:LAM). 

 

As Vivienne Cox retires as a non-executive director the global miner has added two new non-executive directors who boast significant experience in the mining industry.

Both Simon Thompson and Anne Lauvergeon will join the company within the next month and have served as directors of a number of mining businesses.

Separately, Rio Tinto has amended the terms of a farm-in and joint venture with Canada-based Laramide Resources. 

Laramide says it has received a 12-month extension from Rio Tinto to complete certain work programs in Australia’s Northern Territory.

Rio Tinto rebounded from an annual loss to a profit of $1.2 billion in the 2013 calendar year.