Stock Market News

Rio Tinto has more work to do, cultural heritage audit finds

2023.03.19 22:44


© Reuters. FILE PHOTO: The Rio Tinto logo is displayed above the global mining group’s booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren

MELBOURNE (Reuters) – Rio Tinto (NYSE:) has more work to do to protect Indigenous cultural heritage at its mines around the world, according to an independent audit of its practices, the world’s biggest iron ore miner said on Monday.

Rio Tinto commissioned the audit as part of a pledge to overhaul its practices after it destroyed culturally significant rock shelters at Juukan Gorge in Western Australia for an iron ore mine in 2020.

The report noted improved practices particularly at Rio’s iron ore operations but found it needed to more consistently meet best practice standards, which includes co-designing mining plans with affected communities, at its other global sites.

At around half of its sites, Rio Tinto either was missing a cultural heritage plan, its plan was out of date or had critical gaps, the report by sustainability consultancy ERM found.

“Consequently, there is a risk that current and emerging impacts to cultural heritage are not being readily identified and/or appropriately managed,” ERM said.

One of the major changes Rio Tinto vowed to make in the wake of the destruction at Juukan Gorge was to ensure project bosses were aware of and responsible for cultural heritage protection on their patch by embedding it into their decision-making process.

The audit also found nearly half of Rio’s assets lacked access to appropriately qualified and experienced cultural heritage expertise within the business. Cultural heritage management should not be contracted out because ownership of decisions should reside at Rio Tinto, ERM said.

The global miner needed to improve and make more consistent its cultural heritage planning around water management and around closure of its operations, it added.

The report followed an audit of 37 Rio Tinto assets. The audit was completed throughout 2021 and 2022 across 20 assets in Australia and 17 assets in other countries where Rio Tinto operates including Canada, South Africa, US and Mongolia.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 63,155.92 0.28%
ethereum
Ethereum (ETH) $ 2,604.90 2.25%
tether
Tether (USDT) $ 1.00 0.03%
bnb
BNB (BNB) $ 583.71 2.49%
solana
Solana (SOL) $ 148.01 1.23%
usd-coin
USDC (USDC) $ 1.00 0.07%
xrp
XRP (XRP) $ 0.599542 2.80%
staked-ether
Lido Staked Ether (STETH) $ 2,603.82 2.24%
dogecoin
Dogecoin (DOGE) $ 0.108381 3.21%
the-open-network
Toncoin (TON) $ 5.68 3.04%
tron
TRON (TRX) $ 0.151967 0.12%
cardano
Cardano (ADA) $ 0.355497 0.62%
avalanche-2
Avalanche (AVAX) $ 27.28 0.25%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,071.62 2.34%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 63,049.89 0.26%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 3.22%
weth
WETH (WETH) $ 2,603.10 2.18%
chainlink
Chainlink (LINK) $ 11.39 0.75%
bitcoin-cash
Bitcoin Cash (BCH) $ 343.64 2.66%
polkadot
Polkadot (DOT) $ 4.42 1.67%
dai
Dai (DAI) $ 1.00 0.00%
leo-token
LEO Token (LEO) $ 5.72 1.07%
uniswap
Uniswap (UNI) $ 6.79 0.09%
near
NEAR Protocol (NEAR) $ 4.61 6.05%
litecoin
Litecoin (LTC) $ 67.12 2.79%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,726.01 2.18%
kaspa
Kaspa (KAS) $ 0.169438 0.03%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.61 0.93%
aptos
Aptos (APT) $ 7.94 8.24%
internet-computer
Internet Computer (ICP) $ 8.43 0.95%
sui
Sui (SUI) $ 1.46 0.49%
pepe
Pepe (PEPE) $ 0.000008 1.31%
bittensor
Bittensor (TAO) $ 466.49 14.85%
monero
Monero (XMR) $ 176.93 0.80%
first-digital-usd
First Digital USD (FDUSD) $ 0.999654 0.13%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.406686 1.58%
stellar
Stellar (XLM) $ 0.097624 1.16%
ethereum-classic
Ethereum Classic (ETC) $ 19.25 0.89%
immutable-x
Immutable (IMX) $ 1.61 4.31%
ethena-usde
Ethena USDe (USDE) $ 0.999224 0.02%
blockstack
Stacks (STX) $ 1.72 1.89%
aave
Aave (AAVE) $ 160.04 5.21%
okb
OKB (OKB) $ 39.55 0.12%
crypto-com-chain
Cronos (CRO) $ 0.085862 0.36%
filecoin
Filecoin (FIL) $ 3.81 1.36%
arbitrum
Arbitrum (ARB) $ 0.601554 4.72%
render-token
Render (RENDER) $ 5.52 3.95%
mantle
Mantle (MNT) $ 0.639172 6.22%
optimism
Optimism (OP) $ 1.72 4.07%
injective-protocol
Injective (INJ) $ 20.86 0.42%