RIO’s Sam Walsh launched a massive PR assault on the national press over the weekend after his stock plunged to post-GFC lows in all three of its major jurisdictions, down 50% from its post-GFC peak now:
Appearing in every preening newspaper he could find, Mr Walsh disgorged a mountain of slag about his firm’s prospects. At BS he claimed:
“We’ve got the strongest balance sheet of any of the major mining houses — we’ve got the lowest debt,” Mr Walsh tells The Weekend Australian from the company’s local headquarters at the top end of Melbourne’s Collins Street.
