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What happened to rio Tinto in 2016?
Rio Tinto and a raft of other global miners have been under pressure to slash costs as commodity prices tumbled late last year into early 2016. Cash costs were cut by $US600,000 in the first half, taking the total cost cutting regime since the start of the commodities rout in 2012 to $US6. 8 billion.
What negative effects does Rio Tinto have on the environment?
From the beginning, Rio Tinto’s operations have had adverse environmental impacts. Aside from the effect on the land of the open-cast mining, operations in Spain befouled the air by heating ore on site to burn off the sulfur. The heavy smoke damaged vegetation, crops, and the health of local residents.
When did Rio Tinto destroys indigenous site?
Rio Tinto destroyed the two ancient rock shelters on 24 May, on the basis of ministerial consent granted by the then WA Aboriginal affairs minister, Peter Collier, in 2013.
Is Rio Tinto British or Australian?
Rio Tinto is an Australian-British multinational corporation, and is among the leading mining companies in the world. The company engages in the mining and production of commodities such as aluminum, iron ore, copper, uranium, and diamonds.
What did Rio Tinto do wrong?
Australia: Rio Tinto mining blast destroys ancient Aboriginal sacred site. Rio Tinto’s mining blast for the expansion of an iron ore mine at Juukan Gorge in the Pilbara region of Western Australia destroyed a cave of significant cultural importance.
Is Rio Tinto owned by Rothschild?
Following purchase of the mine, the syndicate launched the Rio Tinto Company, registering it on 29 March 1873. At the end of the 1880s, control of the firm passed to the Rothschild family, who increased the scale of its mining operations.
Is Rio Tinto unethical?
Rio Tinto joins a list of other British companies deemed too “unethical” including arms manufacturer BAE Systems, and support services group Serco which was removed from the fund last year due to its involvement in the UK’s Atomic Weapons Establishment.
What happened at Rio Tinto?
Mining giant Rio Tinto has been accused of allowing hundreds of irreplaceable Indigenous cultural artefacts from the iron ore rich Pilbara region to be thrown away at a rubbish dump in Darwin, and failed to disclose the disposal to Aboriginal traditional owners for decades.
Where did Rio Tinto destroy caves?
Western Australia
The Juukan Gorge caves in Western Australia were destroyed as part of an iron ore exploration project. In a report released on Wednesday, the inquiry blasted Rio Tinto’s “inexcusable” act, and said they should compensate the traditional owners. Rio Tinto repeated its apology and pledged to change its practices.
Is Rio Tinto Chinese owned?
Rio Tinto Group is an Anglo-Australian multinational company that is the world’s second-largest metals and mining corporation (behind BHP). The company was founded in 1873 when of a group of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government.
Why is Rio Tinto closing?
Although it may extend over decades mining is a temporary land use. It is a priority that we plan for the closure of our operations when the commercially recoverable ore is exhausted.
Why did Rio Tinto destroy the Juukan Gorge?
“Rio Tinto destroyed a sacred site at Juukan Gorge because the laws allowed them to do it, and the people responsible for developing and overseeing those laws did not stop them,” PKKP Aboriginal Corporation’s chief executive, Carol Meredith, said on Monday.
What killed Rio Tinto?
Rio Tinto’s chairman and a director will step down over the destruction of two ancient Aboriginal rock shelters. The 46,000-year-old Juukan Gorge rock shelters were destroyed for an iron ore mine in Western Australia last year.
Is Rio Tinto closing?
We will cease production at Diavik in 2025, at which time there will no diamonds left to economically mine. We are currently undertaking detailed closure planning studies that cover not only site reclamation but also employees, communities and business transition planning.
Are they still mining pink diamonds?
Over 90% of the world’s annual natural pink diamond supply was mined from one single source: Rio Tinto’s Argyle mine in Western Australia. The mine had been in operation since the early 1980’s, and completely ceased all mining operations in November 2020 due to exhausted supply.
What has Rio Tinto told the inquiry so far?
It told the inquiry last year it was aware of problems but did not provide details. Around the same time, Rio’s competitor, BHP, told the inquiry it had fired at least 48 workers for sexual assaults and harassment at its mining camps since 2019.
What do Rio Tinto and BHP do in the Pilbara?
Around the same time, Rio’s competitor, BHP, told the inquiry it had fired at least 48 workers for sexual assaults and harassment at its mining camps since 2019. Both companies – among Australia’s richest – run large operations in the state’s remote Pilbara region, to unearth iron ore, copper and other minerals.
What is Rio Tinto doing in Kitimat?
KITIMAT, Canada – Rio Tinto and LNG Canada today opened a newly extended wharf that will increase the capacity of Rio Tinto’s port facilities in Kitimat and support economic diversification in Northern British Columbia. The new wharf was built for Rio Tinto at its existing Terminal A facility by LNG Canada.
Is harmful behaviour at Rio Tinto normalised?
“Harmful behaviour is often tolerated or normalised. Harmful behaviour by serial perpetrators is often an open secret,” the report found. In response, Rio Tinto said: “We are deeply disturbed by these findings, and we sincerely apologise to every team member, past or present, who has suffered because of these behaviours.”