Rio Tinto (RIO)

Sector:

Mining

Index:

FTSE 100

6,202.00p
   
  • Change Today:
    -117.00p
  • 52 Week High: 6,377.00
  • 52 Week Low: 4,486.00
  • Currency: UK Pounds
  • Shares Issued: 1,249.76m
  • Volume: 2,331,840
  • Market Cap: £77,510m
  • RiskGrade: 142

Rio Tinto signs settlement with traditional owners over Juukan Gorge vandalism

By Frank Prenesti

Date: Monday 28 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Mining company Rio Tinto has reached an agreement with traditional land owners after the destruction of sacred rock shelters at the Juukan Gorge in Western Australia two years ago.
Neither side disclosed financial terms for the deal, but Rio will fund a foundation to be led and controlled by traditional owners, focusing on education, training opportunities and financial independence through businesses development.

The miner blew up the 46,000 year-old sacred site to access iron ore, despite warnings. Subsequent international outrage over the vandalism led to Australia's government planning heritage protection laws.

In a submission to a federal parliament inquiry into the destruction, Rio admitted it did not "clearly communicate" the timing of the planned demolition of the shelters to the native land owners. The caves contained some of the oldest evidence of human habitation in the world.

"In addition to supporting the creation of the Juukan Gorge Legacy Foundation, remedy discussions have centred on agreeing a new approach to co-management of country as well as the ongoing rehabilitation of the rock shelters and their surrounds at Juukan Gorge," the miner said in a statement said.

"We fell far short of our values as a company and breached the trust placed in us by the Puutu Kunti Kurrama and Pinikura people by allowing the destruction of the Juukan Gorge rock shelters," he said.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rio Tinto Market Data

Currency UK Pounds
Share Price 6,202.00p
Change Today -117.00p
% Change -1.85 %
52 Week High 6,377.00
52 Week Low 4,486.00
Volume 2,331,840
Shares Issued 1,249.76m
Market Cap £77,510m
RiskGrade 142

Rio Tinto Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.89% below the market average79.89% below the market average79.89% below the market average79.89% below the market average79.89% below the market average
81.68% below the sector average81.68% below the sector average81.68% below the sector average81.68% below the sector average81.68% below the sector average
Price Trend
84.22% above the market average84.22% above the market average84.22% above the market average84.22% above the market average84.22% above the market average
81.94% above the sector average81.94% above the sector average81.94% above the sector average81.94% above the sector average81.94% above the sector average
Income
33.96% below the market average33.96% below the market average33.96% below the market average33.96% below the market average33.96% below the market average
30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average
Growth
78.47% above the market average78.47% above the market average78.47% above the market average78.47% above the market average78.47% above the market average
13.43% above the sector average13.43% above the sector average13.43% above the sector average13.43% above the sector average13.43% above the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 10
Sell 3
Strong Sell 2
Total 22
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rio Tinto Dividends

  Latest Previous
  Interim Final
Ex-Div 11-Aug-22 10-Mar-22
Paid 22-Sep-22 21-Apr-22
Amount 267.00¢ 417.00¢

Trades for 01-Feb-2023

Time Volume / Share Price
16:45 87 @ 6,194.00p
16:45 87 @ 6,194.00p
16:36 95 @ 6,202.06p
16:36 286 @ 6,202.06p
16:36 207 @ 6,202.00p

Rio Tinto Key Personnel

CEO Jakob Stausholm
CFO Peter Cunningham

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