Rio Tinto forgot to square off all the interest groups early
By Chris Bailey | Monday 24 August 2020
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
So naughty old Rio Tinto (RIO) then. The iron ore, copper and coal name has fessed up that it was naughty in blowing up some ancient rockshelters at Juukan Gorge ‘and have unreservedly apologised to the Puutu Kunti Kurrama and Pinikura people’. After, scrapping some executive bonuses, ponying up A$50 million to ‘attract, develop and retain Indigenous professionals into our company’, as well as giving such groups ‘a greater voice’ in its decision-making process and stating although it ‘cannot change the past…we are absolutely committed to doing better in the future’, right on Rio Tinto, yes?…
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