The majority of earnings come from the base metal side of the group.

Rio Tinto's corporate arrogance has robbed all Australians.

"We will implement important new measures and governance to ensure we do not repeat what happened at Juukan Gorge and we will continue our work to rebuild trust with the Puutu Kunti Kurrama and Pinikura people," said Mr Thompson. A well-placed market source said some among Rio Tinto’s major investors now believed the company’s crisis could only be ended by Jaques’ departure and the only question remaining was how quickly it could get him out the door.

The sites were above about eight million tonnes of high-grade iron ore, with an estimated value at the time of £75m. WA amended requirements for federal parliamentarians entering the state “to minimise the risk of Covid-19”, but WA Premier, Mark McGowan said the travel request had not been rejected. Rio Tinto's chief executive Jean-Sebastien Jacques will lose a total of £2.7m.

The company, whose shares are listed in both London and Sydney, said it would provide more details on the bonus cuts in its 2020 remuneration report. The aluminium division of Rio Tinto (previously known as Rio Tinto Alcan) is a subsidiary of Rio Tinto, based in Montreal.It was created on 15 November 2007 as the result of the merger between Rio Tinto PLC's Canadian subsidiary, Rio Tinto Canada Holding Inc., and Canadian company Alcan Inc. On the same date, Alcan Inc. was renamed Rio Tinto Alcan Inc..

Most stock quote data provided by BATS. As part of the parliamentary process, the company on Friday released a trove of documents showing that it hired lawyers in preparation to fight off possible attempts by the traditional owners to go to court and stop the blast – a move that was also condemned by investors.

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"It is clear that no single individual or error was responsible for the destruction of the Juukan rockshelters," said Rio Tinto chairman Simon Thompson. https://t.co/kfqvhsKMhz. The review found that while the company had obtained legal authority for the blasts, the decision fell short of the standards and internal guidance Rio Tinto had set for itself. Mining firm Rio Tinto sorry for destroying Aboriginal caves, Why jellyfish could be a 'perfect food' Video, Far-right online: 'I got them back on social media' Video, Far-right online: 'I got them back on social media', Undercover in the schools that chain boys.

“I’m profoundly disappointed about this, as is the committee.

Video, The woman who ferries Covid patients in a school bus, The story of the blaze that destroyed Moria camp. Video, Arctic Circle teens call for help to save their homes, France teacher attack: Four pupils held over beheading, Jeff Bridges: Oscar-winning US actor reveals he has lymphoma, Covid-19: First UK airport coronavirus testing begins, US election 2020: Trump and Biden feud over debate topics, Mysterious 'Robin Hood' hackers donating stolen money, Bletchley Park’s contribution to WW2 'over-rated', New name for a Canadian town called Asbestos, Coronavirus: Republic of Ireland to move to highest restrictions, Nasa's Osiris-Rex probe aims for daring 'high five' with asteroid Bennu, Covid: Noon deadline approaches for Manchester coronavirus deal, Mining firm sorry for destroying Aboriginal caves, Australia's oldest human remains head home. After the caves were destroyed, a PKKP representative, John Ashburton, said losing the site was a "devastating blow".

Chris Salisbury, chief executive of iron ore, and Simone Niven, group executive of corporate relations, will lose payouts of more than half a million pounds each. "At Juukan, in partnership with the PKKP, we followed a heritage approval process for more than 10 years. Video, The story of the blaze that destroyed Moria camp, Arctic Circle teens call for help to save their homes. The BBC is not responsible for the content of external sites. Its iron ore mines.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Read about our approach to external linking. .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}Mining firm Rio Tinto sorry for destroying Aboriginal caves, Indigenous Australians 'farmed bananas 2,000 years ago', Aboriginal Australians 'still suffering effects of colonial past', Microphones to be muted in final US debate. He said the group only found out about Rio Tinto's intentions on May 15.

"We pay our respects to the Puutu Kunti Kurrama and Pinikura People," he added. The group has a solid reputation, mining aluminium, copper, gold, diamond, iron and lead. © 2020 BBC. Video, Undercover in the schools that chain boys, The woman who ferries Covid patients in a school bus. About Rio Tinto PLC Rio Tinto plc is an international mining company.

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. ", Mr Salisbury apologised for the company's actions at the time: "We are sorry for the distress we have caused.". "We are sorry for the distress we have caused. On Wednesday, the former Labor PM, Kevin Rudd, said Rio Tinto “will soon be known in Australia as Rio TNT”.“Rio Tintohas blown up its own reputation as anything approximating a responsible corporate citizen in Australia,” Rudd told the ABC. “We’ve been part of dialogues with the chairman over the past months, and with other investors both in Australia and in the UK, and we’ve expressed the deep concern that we have around this and so it’s very much a test for the board of how serious their response is,” Matthews said when asked if Jacques should go. “They’ll be discussing it this week, but remember the company is under the spotlight on this,” he said.

Grinding stones, a bone sharpened into a tool and 4,000-year-old braided hair were among almost 7,000 relics that had been discovered at the site, Rio Tinto is one of the world's largest mining companies and has vast operations in Australia.

both the internal review and Rio Tinto’s lengthy response to parliamentary questions on notice were “inadequate” and “evasive”. All times are ET. All rights reserved. "The West Australian State Government needs to ensure that their legislation and approvals processes protect our Indigenous cultural heritage. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved.

Mining giant Rio Tinto has apologized after blowing up a 46,000-year-old sacred indigenous site with dynamite to expand an Australian iron ore mine. CNN Business reached out to Rio Tinto for comment on Hayes' remarks and was directed back to the company statement. Speaking to the BBC on Wednesday, the pension board’s director of ethics and engagement, Adam Matthews, stopped short of calling for CEO Jean-Sébastien Jacques to be sacked but said investors felt a decision by the Rio board to cut the bonuses of executives in response to the scandal was not sufficient. In May, the world's biggest iron ore miner destroyed the sacred Aboriginal sites in Pilbara, Western Australia. In August, following an internal review conducted by board member Michael L’Estrange, the company’s board stripped $5m from Jacques’ bonus and about $1m from the bonus of its head of iron ore, Chris Salisbury. VideoArctic Circle teens call for help to save their homes, .css-orcmk8-HeadlineContainer{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:justify;-webkit-justify-content:space-between;-ms-flex-pack:justify;justify-content:space-between;}France teacher attack: Four pupils held over beheading.css-1dedj2h-Rank{-webkit-align-self:center;-ms-flex-item-align:center;align-self:center;color:#B80000;margin-left:3.125rem;}1, Jeff Bridges: Oscar-winning US actor reveals he has lymphoma2, Covid-19: First UK airport coronavirus testing begins3, US election 2020: Trump and Biden feud over debate topics4, Mysterious 'Robin Hood' hackers donating stolen money5, Bletchley Park’s contribution to WW2 'over-rated'6, New name for a Canadian town called Asbestos7, Coronavirus: Republic of Ireland to move to highest restrictions8, Nasa's Osiris-Rex probe aims for daring 'high five' with asteroid Bennu9, Covid: Noon deadline approaches for Manchester coronavirus deal10. Director of the Cape York Institute, Noel Pearson who dealt with Rio Tinto in Queensland after the introduction of native title in the 1990s, said.

The mining company later apologized. We were really starting to gather some very interesting information,” Entsch told the ABC.

Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. The site, in Juukan Gorge, in Western Australia state's resource-rich Pilbara region, featured two cave systems that contained artifacts indicating tens of thousands of years of continuous human occupation. Rio Tinto is facing accusations it "side-stepped" responsibility to clean up poisonous waste from a closed mine on Papua New Guinea's Bougainville island in a complaint filed Tuesday in Australia. The Church of England’s pension board, which manages more than £2.8bn ($AU5bn) in retirement savings, has poured pressure on the board of Rio Tinto to take action against its chief executive over the global miner’s decision to blow up culturally significant 46,000-year-old rock shelters in Australia. But Puutu Kunti Kurrama and Pinikura Aboriginal Corporation spokesman Burchell Hayes said in a statement Rio Tinto was told about the significance of the site multiple times since 2013.

The latest Rio Tinto plc share price (RIO). VideoThe woman who ferries Covid patients in a school bus, Large cat figure discovered in Peru's Nazca lines, The story of the blaze that destroyed Moria camp. Rio Tinto is ‘under the spotlight’ over the Juukan Gorge blast, Adam Matthews of the UK’s billion-dollar Church of England retirement fund says. The future of the federal parliamentary inquiry is itself in doubt.



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