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Manulife Logo

In 1887, Canada’s Prime Minister, John Macdonald, and Parliament incorporated The Manufacturers Life Insurance Company. At the time, it was not unusual for politicians to be involved in private companies and it was not considered to be a conflict of interest.

As early as 1893, the company began selling life insurance policies outside of Canada, first in Bermuda, then Jamaica, Barbados, and Haiti.  In 1958, shareholders voted to change the company to a mutual organization privately owned by the policyholders.

Manulife Logo2 In 1999, its voting-eligible policyholders approved demutualization, and the shares of Manulife, the holding company of The Manufacturers Life Insurance Company and its subsidiaries, began trading on The Toronto Stock Exchange (TSX), the New York Stock Exchange (NYSE) and the Philippine Stock Exchange (PSE) under the ticker “MFC”, and on The Stock Exchange of Hong Kong (SEHK) under the ticker “945”.

In April 2015, the company announced a partnership with DBS Bank, providing Manulife exclusive access to DBS customers in Singapore, Hong Kong, China, and Indonesia. In June of that same year, Manulife-Sinochem became the first foreign-invested joint-venture life insurance company in China authorized to sell mutual funds in the country.

Manulife building sign with garden In April 2016, Manulife became the first Canadian insurance company to offer life insurance to people who are HIV-positive, insuring people who have tested HIV-positive, who are between the ages of 30 and 65 and that meet certain other criteria for life insurance policies that would pay up to $2 million.

In August 2019, the Canadian government announced that it was altering the Patented Medicine Price Review Board. These changes should significantly reduce the cost of new medicines in Canada. Manulife supported this measure. 

Also in August 2019, Manulife announced that its net income in the second quarter grew substantially, mainly due to growth in the Asian markets.

Manulife Financial is the largest insurance company in Canada and serves more than 26 million people around the world. Company headquarters for Manulife Financial remains in Toronto, Ontario, Canada.

Manulife logo on building

Manulife Financial FAQs

Question 1: What is the phone number for Manulife Financial?
Answer 1: The phone number for Manulife Financial is (416) 926-3000.

Question 2: Who is the CEO of Manulife Financial?
Answer 2: The CEO of Manulife Financial is Roy Gorri.

Question 3: Who founded Manulife Financial?
Answer 3: Manulife Financial was founded by John Macdonald in 1887.

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Rio Tinto sign

The Rio Tinto (Painted River in Spanish) has been mined for copper, silver, and gold since time began. Mining operations have been overseen by the Greeks, Romans, Phoenicians, Iberians, and the Moors. Mining was abandoned for a period and rediscovered by the Spaniards in 1556. The Spanish government took over the mines in 1724. The Rio Tinto River Spain

Spain decided to sell the mines in 1872 and held an auction, which was won by Hugh Matheson’s British firm Matheson and Company. Spain relinquished any claim to the mine and the name Rio Tinto was put on the final paperwork in March 1873.

The Rothchild family came into possession of the mine in the late 1880s. They began expanding mining operations substantially. The company began diversifying, acquiring and creating other mining sites in the mid-1920s, including a copper mine in Rhodesia (now Zambia).

Rio Tinto mine shaft Other mergers and acquisitions include U.S. Borax company in 1968, Kennecott Utah Copper, iron and uranium mine North Limited of Australia, and the Cordero Mining Company.

The company is split into four divisions;

  • Aluminum
  • Copper & Diamonds, including gold and silver
  • Energy & Minerals, including Borax, salt, and uranium
  • Iron ore

In 2011, the U.S. Securities and Exchange Commission began an investigation and placed a $3 billion impairment charge against Rio Tinto regarding a coal deal they made in Mozambique. Rio acquired Riverdale Mining Ltd. The CEO was later forced to step down. Rio Tinto Hardhad

In early November 2016, Former mining minister of Guinea, Mahmoud Thiam, claimed that the head of Rio Tinto’s operation in Guinea offered him a bribe in 2010 in order to win back control of the Simandou mine and that his offer was supported by senior members of the company. The company is currently facing at least 4 class-action suits in the US demanding damages over the corruption allegations in Guinea.

Rio Tinto name on skyscraper The company has had record profits in 2018/2019 and is prepared to share more than $4 billion with shareholders.  Rio Tinto is a duel-listed company that is traded on both the London Stock Exchange and the Australian Securities Exchange.  Additionally, American Depositary Shares of Rio Tinto’s British branch are traded on the New York Stock Exchange, giving its listings on a total of 3 major stock exchanges.

Rio Tinto is the world’s largest mining and metal company, with operations on six continents, with its main focus being Australia and Canada.

Rio Tinto Logo 2

 

Rio Tinto FAQs

Question 1: What is the phone number for Rio Tinto?
Answer 1: The phone number for Rio Tinto is +61 3 9283 3333.

Question 2: Who is the CEO of Rio Tinto?
Answer 2: The CEO of Rio Tinto is Jean-Sebastien Jacques.

Question 3: Who founded Rio Tinto?
Answer 3: Rio Tinto was founded by Hugh Matheson in 1873.

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SoulCycle Corporate Office

August 16, 2019

Ruth Zukerman began teaching spin classes in 1996. She introduced her friends, Elizabeth Cutler and Julie Rice, to the classes and to one another. This trio of friends decided to open their own gym featuring nothing but spin classes. Pooling their cash, their first gym was on the Upper Westside of Manhattan, New York.  Villency […]

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Blue Bayou Water Park/Dixie Landin Corporate Office

August 14, 2019

In 1960, Sam Haynes Sr. opened a small amusement park named Fun Fair Park in Baton Rouge, Louisiana. Best known for the rollercoaster The Wild Mouse and a mascot chimp named Candi, the park lost its small-town charm and closed in 1999. However, Sam Haynes, Jr. moved a great deal of the park, including Candi, […]

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Power Corporation of Canada Corporate Office

August 12, 2019

Stockbrokers Arthur Nesbitt and Peter Thompson formed their own company in 1925 to manage their own substantial investments in public utility companies. In the late 1930s, the company acquired a controlling interest in Bathurst Pulp and Paper Company and then in 1938, Canadian Oil Companies Ltd., selling the latter to Shell Oil in 1962. Arthur J. Nesbitt was […]

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