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Tag: Rio

Rio Tinto Changes Tack, Ready for Talks Over Bougainville Mine | Investing News

September 28, 2020
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MELBOURNE (Reuters) – Rio Tinto Ltd

said on Tuesday that it was ready to talk to stakeholders over allegations of human rights breaches at a giant copper mine in Bougainville that it formerly owned, after community members filed a complaint with the Australian government.

“We are ready to enter into discussions with the communities that have filed the complaint,” it said, adding it would also speak with current mine owners as well as the Bougainville and Papua New Guinea governments.

The stance marks a change from April, when Rio rebuffed a request by the same group for a review of health and safety concerns at the mine as a starting point for discussion around compensation and remediation.

It also highlights a different approach by Rio to social responsibility, after its destruction of sacred and historically significant rockshelters for an iron ore mine in Australia in May cost its chief executive

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Rio Tinto smelter in focus as New Zealand’s PM seeks extension

September 28, 2020
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a person looking at the camera: New Zealand Prime Minister Ardern addresses the media after a debate in Auckland


© Reuters/POOL
New Zealand Prime Minister Ardern addresses the media after a debate in Auckland


WELLINGTON (Reuters) – New Zealand Prime Minister Jacinda Ardern said on Monday that she will negotiate to extend the operations of Rio Tinto’s aluminum smelter in the country by 3-5 years if she is returned to power in the Oct. 17 election.

New Zealand Aluminum Smelter’s (NZAS) planned closure is a hot election topic as it puts thousands of jobs at risk, and would hit the bottom line of top power producers, at a time when the country is reeling from the economic impact of coronavirus.

The world’s biggest iron ore miner has said it was closing the plant by August 2021 due to high costs and a challenging market.

“We are seeking to extend the life of the smelter between 3 to 5 years…,” Ardern said at a news conference in Invercargill in Southland,

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