Rio Tinto’s output falls on workforce shortages and wet weather April 20, 2021 Global miner Rio Tinto reported lower quarterly iron ore output on Tuesday as wet weather and workforce shortages hit operations in Western Australia. Operations were affected by above average wet weather and plant disruptions, while a tropical cyclone disrupted maintenance and labour availability. Production for the quarter stood at 76.4 million tonnes, down two per [...]
Retail investors back Rio Tinto climate accountable proposals April 6, 2021 Retail investors have backed climate accountable proposals from Rio Tinto, which the miner will vote on this Friday, as accountability is pushed higher on this year’s agenda. 71.5 per cent of retail investors have called for chairs and CEOs of the mining giant to be held to account on Environments, Social and Governance (ESG) standards, [...]
Rio Tinto to partner with Indigenous leaders despite native claims of ‘no visibility’ March 23, 2021 Rio Tinto will set up a panel to better manage its relationships with indigenous groups after the mining giant destroyed sacred rock shelters in Australia last year. Former CEO Jean-Sébastien Jacques and other senior executives, Chris Salisbury, Simone Niven and Simon Thompson, have all stepped down following the controversy. The destruction of Jukkan Gorge in [...]
Aboriginal group plans to score mining companies after Rio Tinto disaster March 10, 2021 An Aboriginal group today announced plans to publish a scorecard to rate mining companies in Western Australia on how well they comply with environmental, social and governance (ESG) standards. Following the recent controversy concerning the destruction of ancient Aboriginal caves by Rio Tinto, the Wintawari Guruma Aboriginal Corp (WGAC), said it hoped the scorecard system [...]
Rio Tinto chairman to step down over destruction of sacred site March 3, 2021 The chairman of Rio Tinto will step down as the mining giant has come under fire for destroying a sacred cave system in Australia. The global outcry over the destruction of the 46,000-year old Aboriginal site, known as Jukkan Gorge, has led the US government to rethink its plan for Rio Tinto and BHP to [...]
Glencore’s Australia mine expansion ‘threatens sacred sites’ March 2, 2021 Expansion at an Australian mine run by Glencore puts several sacred Aboriginal sites at risk, an inquiry heard on Tuesday. The head of a Northern Territory oversight authority said that a range of locations including a historical quarry were in danger. Glencore’s McArthur River Mine received approval from the territory’s mining minister last year to [...]
Golden goodbye: Rio Tinto bosses farewell 2020 with chunky payouts February 22, 2021 Golden goodbye: Rio Tinto bosses farewell 2020 with chunky payouts
Rio Tinto to pay record $6.5bn dividend after ‘robust’ year February 17, 2021 Rio Tinto will pay out a record $6.5bn (£4.7bn) dividend to investors as it hailed “robust” results despite the Covid-19 pandemic. The FTSE-listed mining giant said it will pay a final dividend of $3.09 per share and a special dividend of $0.93 per share. Combined with its half-year dividend, this takes the total payout for [...]
Rio Tinto sees iron production tick up on rising China demand January 19, 2021 Mining giant Rio Tinto said that iron ore production had increased in the final quarter of the year on the back of increased demand from China. The Anglo-Australian company said that output from its Pilbara iron assets had risen 3.0 per cent in the last three months despite the challenges of Cyclone Damien and the [...]
Rio Tinto appoints new chief exec after sacred cave destruction scandal December 17, 2020 Rio Tinto has announced that Jakob Stausholm will become the mining giant’s new chief executive after his predecessor stood down following the destruction of a sacred cave system in Australia. Stausholm, the FTSE 100 firm’s finance chief, will take the top job after Jean-Sebastien Jacques fell on his sword amid intense pressure. The destruction of [...]