Rio Tinto (ASX, LON, NYSE: RIO… Executives to Step Down After Rio Tinto Destroys Sacred Australian Sites The mining giant’s chief executive was among those pushed out after shareholders revolted over the … “The evidence received by the committee has made clear that the internal culture at Rio Tinto was a significant factor in the destruction of these sites,” inquiry chair, Queensland LNP MP Warren Entsch, said. At the same time as announcing the executive exits, it gave one of its non-executive directors special responsibility for oversight of its affairs in the country. By mutual agreement, Jacques will step down once a replacement has been appointed or on March 31, whichever happens sooner, the statement said. Former Rio Tinto executive Alan Davies' services are still in strong demand despite being sacked by his former employer last year, with the Brisbane-born … Rio Tinto is the latest top miner to make key executive changes. The agreements used by the three major mining companies – Rio Tinto, BHP and Fortescue Metals Group – are largely the same. “I am also acutely aware of the need to restore trust with Traditional Owners and our other stakeholders, which I view as a key priority for the company,” he added. “We need to see them commit to employing experts in their company, not spin doctors and external relations people,” she said. Calla Wahlquist, Fri 11 Sep 2020 16.00 EDT 2:06. Rio Tinto (NYSE: RIO) expenses have trended steadily lower from around $29.0 billion in 2016 to about $26.6 billion in 2018. Two years later they wrote-down the value of the assets by $3 billion. They met with Jacques this week and are negotiating a permanent moratorium around mining at the site – and say they’ll continue to push for sector-wide changes. Reprieve for sacked Qantas staff as Woolies, Telstra and Rio Tinto step forward to employ 20,000 laid off workers 20,000 Qantas employees have lost … Stausholm will assume the role on January 1, the same day outgoing CEO Jean-Sébastien Jacques is slated to step down. NFL Highlights History. THE executive sacked by Australian mining giant Rio Tinto over a controversial $13.8 million payment to a consultant to an African president is back in the mining game. Sacked Rio Tinto exec hits back over Guinea bribery scandal Save Simandou in Guinea is believed to be one of the biggest undeveloped high-grade iron ore deposits in the world The rock shelters' traditional owners had no comment to make on the Rio Tinto leadership changes, Puutu Kunti Kurrama and Pinikura Aboriginal Corp. said. Rio Tinto releases fourth quarter production results. 2016 - Eli Manning sacked by Corey Lemonier. "Rio Tinto must prioritise working with traditional owners, the Puutu Kunti Kurrama and Pinikura people, to rebuild their relationship. That warning was echoed this week by ratings agency S&P which said investors would be looking for more than just technical compliance with the law. On Thursday, the mining giant named Chief Financial Officer Jakob Stausholm as CEO. This isn’t a positive thing for Western Australia. Rio Tinto CEO steps down over destruction of 46,000-year-old Aboriginal caves. Rio Tinto's chief executive Jean-Sebastien Jacques has been in charge of the company since 2016. Rio Names New CEO as Scrutiny Over Australian Blasts Lingers. The WA treasurer and Aboriginal affairs minister, Ben Wyatt, also said Rio had lost connection with the Pilbara, where it generates 75% of its revenue. Additionally, the WA Aboriginal heritage act does not give traditional owners the right to veto or even object to the destruction of their important sites. Rio Tinto executives sacked over destruction of historic site Australian indigenous groups have welcomed the resignation of Rio Tinto's CEO and two top lieutenants over the mining giant's destruction of a 46,000-year-old Aboriginal site to expand an iron ore mine in Australia. Mining companies usually advise a vote against such shareholder resolutions, but BHP has left the door open to supporting it. Bengaluru — Rio Tinto will cut the short-term bonuses of its CEO, Jean-Sébastien Jacques, and two other senior executives after a review of … CEO Jean-Sébastien Jacques, iron ore boss Chris Salisbury, and corporate affairs head Simone Niven will have to step down. A further 46 sites identified as sacred by the Banjima did not meet the threshold for the WA Aboriginal cultural materials committee to register them as a site, meaning they could be destroyed or damaged without permission. “Rio Tinto’s purpose is to produce the materials essential to human progress and I remain deeply committed to this after the difficult times we have faced during 2020,” he said in a statement. How about their utter incompetence in dealing with our cultural heritage?”. Australia’s biggest superannuation funds also demand the miner guarantee the protection of culturally important sites, Lorena Allam, On Thursday, the mining giant named Chief … Hong Kong (CNN Business)Rio Tinto (RIO) has found a new chief after a crisis this year led to the ouster of its top executive. "Rio Tinto now has the opportunity to address the necessary remediation, cultural heritage and risk processes with fresh eyes," ACSI chief executive Louise Davidson said in a statement. Australia’s biggest superannuation fund, the $175bn AustralianSuper, also sees the executive departures as merely a starting point. Executives Chris Salisbury and Simone Niven will leave the company on Dec. 31. “New leadership, new structures and new operating principles within the company are essential to preventing such catastrophes in the future.”. Earlier this week, the parliamentary inquiry said Rio had misled its members. One of Rio’s biggest global investors, Aberdeen Standard International, said the company needed to work on rebuilding trust with its stakeholders. What we need to do is stop the destruction of sites.”, Available for everyone, funded by readers, Greenpeace report warns against granting licences to ‘deeply destructive’ industry with opaque oversight, and calls for global ocean treaty, Planning permission granted to Cumbria project that will extract 2.7m tonnes of coal per year, The Australian Mining and Exploration Council tells Juukan Gorge inquiry changes to strengthen laws would be an ‘over-reach’, The government introduced legislation in August to set up ‘one-stop shops’ at state level, before Samuel review of national laws was complete. “We cannot and will not allow this type of devastation to occur ever again,” the statement added. “We need to see those agreements. The same on Friday ’ s allegations because the facility is located on an mine! Commodities trader and miner Glencore ( LSE: GLEN ) is waving its long-term boss Ivan good-bye! 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