Rio Tinto’s pain is packaging giant Amcor’s gain

The results of packing giant Amcor and global miner Rio Tinto indicate fortune does indeed favour the prepared.

Rio Tinto, the world’s second-biggest mining group, reported its first ever annual loss last week, following more than US$20 billion (HK$155.1 billion) in write-downs since its top-of-the-market US$38 billion (HK$294.7 billion) takeover of aluminium firm Alcan in 2007.

via Business feed http://www.scmp.com/business/companies/article/1153064/rio-tintos-pain-packaging-giant-amcors-gain