Industry News

Rio Tinto board could face pressure on Indigenous broken promise claim

Views : 405
Update time : 2021-02-04 17:37:20

The traditional owners of the rock shelters said Thompson had told them Rio’s acting head of iron ore, Ivan Vella, who had led reconciliation efforts, would see the process through to its end, The Australian newspaper reported on Thursday, citing a letter to Rio from the traditional owners.

Rio announced last week that Vella would move to Canada to head up its aluminium business, while Chief Commercial Officer Simon Trott would take charge of iron ore.

The PKKP had told Rio of their concerns that frequent leadership turnover prevented the groups building longstanding relationships of trust, the newspaper said.

The destruction last year of the 46,000-year-old Juukan Gorge rock shelters, while legal, sparked a public and investor uproar that led to the resignation of then CEO Jean-Sebastien Jacques and two deputies, and a promise by Rio Tinto to repair ties.

Thompson is likely to face increasing pressure to step down, given the recent spotlight on social issues that is worrying investors, even with solid financial results, said David Lennox of Fat Prophets in Sydney which holds Rio shares.

Related News
Read More >>
India’s stainless steel industry calls for greater government support India’s stainless steel industry calls for greater government support
Nov .05.2025
India’s stainless steel industry calls for greater government support
HRC prices remain firm in European market HRC prices remain firm in European market
Nov .05.2025
HRC prices remain firm in European market
Acerinox's melting shop production increases by 8% in Q1-Q3, 2025 Acerinox's melting shop production increases by 8% in Q1-Q3, 2025
Nov .05.2025
Acerinox's melting shop production increases by 8% in Q1-Q3, 2025
North American Stainless improves production with KOCKS RSB® 370++/6 North American Stainless improves production with KOCKS RSB® 370++/6
Nov .05.2025
North American Stainless improves production with KOCKS RSB® 370++/6