Since joining Rio two years ago, the new CEO has kept a relatively low profile among the investment community. The previous Rio Tinto plc dividend was 119.74p and it went ex 6 months ago and it was paid 4 months ago. In May, the company blasted through two rock shelters in Juukan Gorge in Western Australia in order to mine iron ore. Rio Tinto's CEO Discusses Q2 2013 Results - Earnings Call Transcript Q4 2012. Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. Last month, after a board review, Rio Tinto stripped the three executives of performance-related bonuses for this year. With your consent, our website uses cookies to distinguish you from other users of our website. The Puutu Kunti Kurrama and Pinikura Aboriginal Corporation released a statement saying their people had no comment on the executive shakeup, ABC reported. CANBERRA, Australia (AP) — Rio Tinto chief executive Jean-Sebastien Jacques will leave the Anglo-Australian mining giant by March over the destruction of Australian Indigenous sacred sites to access iron ore, the company said on Friday. Rio Tinto obtained permission to mine in the area in 2013, "a right which was not affected by the discovery of ancient artefacts such as stone relics, faunal remains and human hair in one of the Juukan caves a year later," Australia's ABC noted. Rio Tinto has come under pressure to address the destruction of 46,000-year-old caves considered significant for Aboriginal history. The National Native Title Council's CEO Jamie Lowe has written to Rio Tinto Chairman Simon Thompson calling for an overhaul of the board and for large scale cultural change in the organisation. With the exception of the use of cookies, Rio Tinto generally does not seek to collect personal data through this website. Rio Tinto CEO Forced Out By Pressure Over Aboriginal Site Blast David Stringer and Thomas Biesheuvel 9/11/2020 U.S. Cookies contain information that is transferred to your computer's hard drive. Like many major mining companies, Rio Tinto has historically grown through a series of mergers and acquisitions. Low $63 High $81. Protesters rallied outside the Rio Tinto office in June in Perth, Australia, after the destruction of Indigenous heritage sites the month before. “Rio Tinto is one of the great companies of the world with a proud Australian history,” Frydenberg told The Australian Financial Review. Price target. There is additional information in the appendices to the Data Privacy Standard, including information about disclosures, trans-border data transfers, the exercise of data subject rights and how to make complaints or obtain further information relating to Rio Tinto’s processing of your personal data. Dividends Ex-dividend date N/A … Led by Scottish entrepreneur Hugh Matheson, a British-European investor group buys the Rio Tinto mines in Spain in 1873, constructed new processing facilities and introduced new techniques that, from 1877-91, allow the new Rio Tinto Company to transform an operation that had once supplied the ancient Greeks and Romans into the world’s number one copper producer. Low $66 High $91. "We are determined to ensure that the destruction of a heritage site of such exceptional archaeological and cultural significance never occurs again at a Rio Tinto operation.". Rio Tinto CEO Jean-Sebastien Jacques...speaking at a federal inquiry reignites tensions between Mr Jacques and his predecessor Sam Walsh. Current $67.01. With Their Land In Flames, Aboriginals Warn Fires Show Deep Problems In Australia. 1,855 people own Rio Tinto Plc on Robinhood Powered by Robintrack. 1,855 people own Rio Tinto Plc on Robinhood Fourni par Robintrack. Protesters rallied outside the Rio Tinto office in June in Perth, Australia, after the destruction of Indigenous heritage sites the month before. The new Rio Tinto CEO will have the task of trying to restore investor confidence in its handling of environment, ... An actor’s remarkable family journey leads to making movie history… Bengaluru — Rio Tinto named CFO Jakob Stausholm as its next CEO on Thursday, defying expectations it would pick an external candidate to … If you choose to subscribe to our media releases or other communications, you can unsubscribe at any time (by following the instructions in the email or by contacting us at digital.comms@riotinto.com). We won't process that personal data for other purposes except where required to meet our legal obligations or otherwise as authorised by law and notified to you. Mining giant Rio Tinto is parting ways with its chief executive as it tries to quell public anger over the company's destruction of a 46,000-year-old sacred Aboriginal site in Australia. The next Rio Tinto plc dividend is expected to go ex in 1 month and to be paid in 3 months. Rio Tinto (NYSE: RIO) expenses have trended steadily lower from around $29.0 billion in 2016 to about $26.6 billion in 2018. They help us know how often you come to our site and when, how long you stay and any performance issues you experience whilst you are on our site. We produce iron ore for steel, aluminium for cars and smart phones, copper for wind turbines, diamonds that set the standard for “responsible”, titanium for household products and borates for crops that feed the world, Rio Tinto is a mining and metals company operating in about 36 countries around the world, We produce materials essential for human progress, Iron ore, one of the most abundant metals on Earth, is the primary raw material used to make steel, We work in about 36 countries – in mines, smelters and refineries, as well as in sales offices, data centres, research and development labs, In the Pilbara region of Western Australia, we own an integrated portfolio of iron ore assets: a world-class, integrated network of 16 mines, We work hard to leave a lasting, positive legacy everywhere we work, We believe that greater transparency and accountability helps build trust and encourages sustainable business practices across our industry, We aim to deliver superior returns to our shareholders while safeguarding the environment and meeting our obligations to wider society, Fourth Quarter Operations Review 2020 released, Discover the work we're doing with innovation, communities and our employees, From underground miners to data scientists, we want your hard work, dedication and outside-the-box thinking. “Significant stakeholders have expressed concerns about executive accountability for the failings identified,” Rio Tinto said in a statement. With the exception of the use of cookies (explained below), Rio Tinto generally does not seek to collect personal data through this website. These Cookies allow us to analyse site usage in order to evaluate and improve its performance. The Rio Tinto chairman stated that “I would like to thank J-S for his strong leadership of the Group since becoming Chief Executive in 2016. A month after the destruction in Juukan Gorge, the company issued an apology and said it would support strengthening legal protections for Aboriginal heritage sites. French born Mr Jacques, who goes by JS, has been CEO of Rio Tinto since 2016. “Rio Tinto is one of the great companies of the world with a proud Australian history,” Mr Frydenberg said on Monday. The CEO of major mining corporation Rio Tinto is stepping down after the destruction of two Aboriginal caves with 46,000 years of history in Western Australia. At one time, they had provided copper, gold and silver to the ancient civilisations of Greece and Rome. Average $71.20. He'll remain in the role until a replacement is found or by March 31, whichever comes first. Mining giant Rio Tinto stripped its CEO of US$3.5 million Monday after the company destroyed a 46,000-year-old Aboriginal heritage site to expand an iron ore mine in Australia. "We are … Lowe said in a statement. A cookie is a small file of letters and numbers that we store on your browser or the hard drive of your computer if you agree. However if you choose to provide personal data to Rio Tinto through this website (for example, by sending us an email), we will process that personal data to answer your query and if relevant, to manage our business relationship with you or your company. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer … How we process personal data provided or obtained through this website. Price target. "We are also determined to regain the trust of the Puutu Kunti Kurrama and Pinikura people and other Traditional Owners," Thomson said. This helps us to provide you with a good experience when you browse our website and also allows us to improve our site. View today’s RIO share price, options, bonds, hybrids and warrants. As some data privacy laws regulate IP addresses and other information collected through the use of cookies as personal data, Rio Tinto’s processing of such personal data needs to comply with its Data Privacy Standard (see Part 1 of our Privacy Policy), and also applicable data privacy laws. Dividend Summary. Current $61.93. 1873: On 29 March, a group of British and European investors formed The Rio Tinto Company to reopen ancient copper mines beside the Rio Tinto (meaning red river) in southern Spain. These Cookies are used by advertising companies to inform and serve personalised ads to your devices based on your interests. News Rio Tinto CEO quits over Aboriginal cave destruction. These Cookies are used to provide a better user experience on the site, such as by measuring interactions with particular content or remembering your settings such as language or video playback preferences. Jamie Lowe is the chief executive of the National Native Title Council, which advocates for Australia's traditional owners of the land. "We will continue to work with Rio Tinto in the aftermath of the Juukan Gorge disaster," the statement said. This helps us to provide you with a good experience when you browse our website and also allows us to improve our site. Two other high-ranking executives, iron-ore division head Chris Salisbury and corporate relations head Simone Niven, are also leaving the company. Le groupe est néanmoins présent dans de nombreux pays, sur les cinq continents, mais ses actifs miniers se concentrent principalement en Australie et au Canada. Richard Wainwright/AP Friday's announcement came after "significant stakeholders have expressed concerns about executive accountability," according to the company. 2002: Rio Tinto launches a EUR 750 million 5-year-bond issue in the Euro market, marking its first transaction in euros; the company stops its incursions into aboriginal land in Queensland, Australia. Rio Tinto CEO Jean-Sebastien Jacques is among three executives stepping down as a result of the blasting of the sacred Juukan Gorge site but … "Our focus continues to rest heavily on preserving Aboriginal heritage and advocating for wide-ranging changes to ensure a tragedy like this never happens again.". If you choose to subscribe to our media releases or other communications, you can unsubscribe at any time (by following the instructions in the email or by contacting us). Tackling Emissions Across our Value Chain. Rio Tinto's CEO Discusses Q2 2013 Results - Earnings Call Transcript Q4 2012. hide caption. Recommandations d'analystes Overall analyst rating. "We do fear that if this is the behaviour of a company thought to have sector-leading standards, what is the risk another Juukan Gorge-type incident will happen again, without sector-wide reforms?" The sites' demolition sparked outcry and intense pressure from shareholders. Rio Tinto CEO Stepping Down Over Destruction Of Ancient Aboriginal Site In May, mining giant Rio Tinto blasted through two ancient rock shelters in Western Australia in order to mine iron ore. Analyst recommendations Overall analyst rating. There are typically 2 dividends per year (excluding specials), and the dividend cover is approximately 1.6. 15 February 2013: CEO discusses Q4 2012 Results - Earnings Call Transcript All call transcripts. Pentwater Issues Open Letter to Rio Tinto Board Outlining Its History of Inexcusable Corporate Governance and Oppressive Actions . He said the group welcomes the changes at the top of Rio Tinto, but stressed there is more to be done. The company offers aluminum, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. The Anglo-Australian firm blasted rock shelters in the Juukan Gorge in Western Australia's remote Pilbara region on May 24, destroying one of the earliest known sites occupied by Australia's indigenous people. Cookies contain information that is transferred to your computer's hard drive. 1997: RTZ-CRA Group changes its name to Rio Tinto PLC and headquarters are established in London; and Sir Robert Wilson is appointed as chairman. A cookie is a small file of letters and numbers that we store on your browser or the hard drive of your computer if you agree. As some data privacy laws regulate IP addresses and other information collected through the use of cookies as personal data, Rio Tinto’s processing of such personal data needs to comply with its Data Privacy Standard (see Part 1 of this Privacy Policy), and also applicable data privacy laws. The mines were first in operation around 750BC, but in the 19th century were largely idle. He said Rio Tinto has so far refused to carry out an independent review of what led to the destruction — a step that the traditional owners see as critical to prevent further losses to priceless Indigenous sites. 15 February 2013: CEO discusses Q4 2012 Results - Earnings Call Transcript All call transcripts. Rio Tinto boss under pressure over Aboriginal cave destruction Anger mounts after 46,000-year-old site blown up to extract iron ore By Ed Clowes 7 August 2020 • 6:06pm For example, as the BBC reported, "last week it was revealed that in the days running up to the caves' destruction in May, Rio Tinto hired lawyers in case opponents tried to seek injunctions to stop them.". Average $76.38. Critics of Rio Tinto say there is abundant evidence that the company was aware of the site's importance before the blasting. During that time, he has led the best safety performance in Rio Tinto’s history, simplified the portfolio, divested the Group’s coal assets, established a clear strategy to address climate change and generated exceptional shareholder returns. After being … The Juukan Gorge is in Hamersley Ranges, in Western Australia's Pilbara region. But "what happened at Juukan was wrong," the company's chairman, Simon Thompson, said in a statement Friday. He’s seen as a more personable and collaborate executive than his predecessor, and is well liked within the company. MELBOURNE, Australia--(BUSINESS WIRE)-- Rio Tinto Chief Executive Jakob Stausholm said “We have delivered a strong safety and operational performance in the face of the significant global challenges of COVID-19. It is also involved in the alumina production; primary aluminum smelting; bauxite mining; alumina refining; and ilmenite, rutile, and zircon mining, as well as provision of gypsum. The destruction in the Pilbara region was not illegal under Australian law, according to local media reports. We won't process that personal data for other purposes except where required to meet our legal obligations or otherwise as authorised by law and notified to you. Rio Tinto est un groupe minier multinational anglo-australien, surtout implanté en Australie où se trouve l'un de ses deux sièges sociaux (à Melbourne, l'autre étant à Londres) et en Amérique du Nord. By Russell Hotten 11 July 2007 • 23:41 pm . Our 2020 performance reflects the resilience of the business, and the commitment and flexibility of our employees, customers, communities and host governments. Senator Hawley finds new publisher after Capitol attack backlash A history of Rio Tinto. A survey there found the shelters had been continually occupied for 46,000 years and were one of the most significant archaeological sites in Australia. However if you choose to provide personal data to Rio Tinto through this website (for example, by sending us an email), we will process that personal data to answer your query and if relevant, to manage our business relationship with you or your company. Jean-Sébastien Jacques, the company's chief executive and executive director, will depart by "mutual agreement," Rio Tinto said. With your consent, our website uses cookies to distinguish you from other users of our website. These Cookies also facilitate sharing information with social networks or recording your interactions with particular ads. Part 1 of this Privacy Policy contains the Rio Tinto Data Privacy Standard, which provides an overview of Rio Tinto’s approach to personal data processing. Evidence of human habitation there dates back tens of millennia. The Newmont CEO spent two decades at Rio before joining one of the world’s biggest gold miners and is viewed as well-regarded by the board. Yet many of his public appearances were overshadowed by the more charismatic Jacques. That review concluded that even though the company had legal permission, its actions "fell short of the Standards and internal guidance that Rio Tinto sets for itself.". It went ex 6 months ago pressure Over Aboriginal site Blast David Stringer and Thomas Biesheuvel U.S! Predecessor Sam Walsh on Monday two rock shelters in Juukan Gorge disaster, '' according to local media reports have! 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