![]() ![]() ![]() It is in that context that the world’s dash for decarbonisation and the European Union’s drive for self-sufficiency in raw materials to achieve its climate targets have caught the company’s eye. Scandals in Australia have put its future expansion in jeopardy and the company’s management of a major copper mine in Mongolia has come under heavy criticism. The price of iron ore is under pressure from massive Chinese production. But for Rio Tinto executives the future is also a cause for concern despite current bumper profits. One critic has said Rio Tinto could be seen as “a poster child for corporate malfeasance”. This summer the company finally agreed, after decades of appeals, to fund an “environmental and human rights impact assessment” of its former copper and goldmine in Panguna, in Papua New Guinea, where it is claimed that 1bn tonnes of mine waste was dumped into the Kawerong-Jaba river delta and continues to wreak catastrophic damage. Last year, the then chief executive resigned after the company deliberately blew up an ancient cave, one of Australia’s most significant archaeological research sites, where there had been evidence of 46,000 years of continual occupation. The chief executive of Rio Tinto’s iron ore operation, Simon Trott, conceded earlier this year that the company was “not proud of its history” at its Marandoo mine in Western Australia where hundreds of ancient artefacts were thrown into a rubbish dump. Rio Tinto’s office in the village of Gornje Nedeljice, Serbia. ![]()
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