The company’s CEO and CFO will forgo their annual bonuses, after the miner reported a 59% drop in profit for last year. Rio Tinto's 2011 earnings were hit by USD 9.29bn in impairment charges, mainly against the value of the company's aluminum business. The blow was softened by a 34% increase in the company's dividend. CEO Tom Albanese said the Anglo-Australian company paid a heavy price for the USD 38bn acquisition of Canadian aluminum company Alcan Inc. at the top of the market in 2007. (Source: The Wall Street Journal)