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Stock impact report

Australian Indigenous groups call for independent arbiter after Rio blast [Reuters]

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) 
US:NYSE Investor Relations: bhp.com/investor-centre
Company Research Source: Reuters
Australian Indigenous groups call for independent arbiter after Rio blast MELBOURNE (Reuters) - Indigenous Australian groups want an independent arbiter to oversee decisions about whether Aboriginal cultural heritage sites can be destroyed for mining, an inquiry into Rio Tinto Ltd’s destruction of sacred caves heard on Friday. The country’s federal government is looking into how the destruction of a historically significant, 46,000 year old rockshelter was legally allowed to occur, to figure out how to avoid incidents in the future. Aboriginal groups said that a key change would be to no longer give the government the final decision on applications to impact ancient sites because it was also reliant on income from mining companies through royalties. Instead, they suggested that an ombudsman or independent regulator should make the decision and have wider oversight of agreements between the parties. “If the minister has total discretion. ..and considers the royalty payments to the stat Show less Read more
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