Rio Tinto pays out $9.1bn in dividends following record earnings July 28, 2021 Rio Tinto logged a record first half performance today, underpinned by soaring iron ore prices on strong demand from China, which led the global miner to pay out a bonanza of $9.1bn in dividends. Watch the full report.
Rio Tinto boosts dividends as earnings double amid iron ore boom July 28, 2021 Mining giant Rio Tinto this morning announced that it would pay out $9.1bn in dividends after earnings more than doubled in the first half. The FTSE blue chip said that the increase was due to a boom in iron ore prices due to massive demand from China. Rio Tinto, which is the world’s biggest producer [...]
Rio Tinto to build $2.4bn lithium mine in green energy metals push July 27, 2021 Rio Tinto Group has announced it will build a $2.4bn lithium mine in Serbia, in a bid to become the largest source of lithium supply in Europe for fifteen years. It represents the first move by one of the world’s mining giants to focus on metals that will help them capitalise on the electric car [...]
Majority of Rio Tinto investors revolt over former chief’s pay due to Juukan Gorge destruction May 6, 2021 A majority of Rio Tinto investors today revolted over its former chief executive’s lucrative exit pay package at the miner’s AGM. Jean-Sebastien Jacques quit as the FTSE 100 firm’s boss last year after the mining giant destroyed 46,000-year-old rock shelters at Juukan Gorge in Australia a year ago. Despite having his bonus renumeration stripped away, [...]
Rio Tinto exec to leave after just two months in expanded role April 27, 2021 Barbara Levi, chief legal officer & external affairs at Rio Tinto, has accepted a group general counsel position at UBS and will leave the mining company by the end of October. Levi joined Rio Tinto in January 2020 as group general counsel, and then in March 2021 her role was expanded to include legal [...]
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 [...]