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Stock impact report

Rio Tinto's Destruction of Australian ‘Stonehenge' Sparks Reform [BNN Bloomberg (Canada)]

Rio Tinto Plc (RIO) 
US:NYSE Investor Relations: riotinto.com/investors-87.aspx
Company Research Source: BNN Bloomberg
of caves occupied as long as 46,000 years ago, which a senior lawmaker described on Thursday as “legal desecration.” Environment Minister Tanya Plibersek told Parliament the government would accept at least seven of the eight recommendations made from a government probe into Rio Tinto's 2020 move to blow up the Juukan Gorge site in Western Australia for mining exploration. They include creating a national legislative and policy framework in partnership with Indigenous peoples, and holding consultations with the First Nations Heritage Protection Alliance around a new system of protections for Indigenous sites. The proposed reforms come after a site described by archaeologists as among the most significant of their type in the country and used by Aboriginal Australians for cooking and shelter was irreparably damaged by Rio Tinto. That triggered a backlash against the London-based mining company from traditional landowners and investors that ultimately cost former Chief Executive O Show less Read more
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