© 2021 Guardian News & Media Limited or its affiliated companies. Rio Tinto sacked chief executive Tom Albanese on Thursday and revealed a $14 billion writedown almost entirely on the value of his two most significant acquisitions, the … Rio Tinto concluded in an internal review last month that there was “no single root cause or error that directly resulted in the destruction of the rock shelters.”, But internal documents revealed last week that Rio Tinto had engaged a law firm in case the traditional owners, the Puutu Kunti Kurrama and Pinikura people, applied for a court injunction to save the rock shelters. Anthropologist Prof Glynn Cochrane, who spent 20 years implementing Rio Tinto’s social performance program, said: “It’s like blowing up the tomb of the unknown soldier and forgetting about the occupant.”, “The traditional owners can access their material at any time by request,” the company said. “Mining companies are on notice they do not have the social license to destroy First Nations peoples’ heritage and culture,” Siewert said. This will test whether it has learned from past mistakes. Hesta’s concerns flow from revelations that many of the agreements between traditional owners and mining companies contain “gag clauses” preventing them from voicing concerns about heritage destruction. ABC NEWS (Australia) ... Kirk Cousins sacked for second time. “Rio can now work with traditional owners to guarantee that its processes are appropriate for the protection of culturally important sites and that it has the right internal accountabilities,” chief executive Ian Silk said. Rio Tinto fires two of its top executives over $10.5 million in payments to a consultant who helped the company win rights to develop the world's largest … NFL Highlights History. Bloomberg The futures of Mr Jacques, iron ore boss Chris Salisbury and … Rio Tinto (ASX, LON, NYSE: RIO… Published Thu, Sep 10 2020 8:40 PM EDT Updated Fri, Sep 11 2020 7:54 AM EDT. “In engagement with us, FMG has been clear that it is happy for business to continue as usual. “Any company looking to develop a new project or expand an existing one will need to ensure all stakeholders are satisfied – above and beyond what government legislation stipulates you can or cannot do,” S&P said in a report to clients. “The moratorium, proposed by people unfamiliar with the West Australian mining industry, is not supported by Fortescue as it would disempower local Aboriginal people in the Pilbara and limit the positive contribution the mining industry is making to the state and national economies, at a time when it is needed most,” the chief executive, Elizabeth Gaines, said. Western Australian Greens senator Rachel Siewert said Rio’s decision should also put pressure on the federal and state governments to strengthen heritage protection laws. Rio Tinto named Chief Financial Officer Jakob Stausholm as its next chief executive on Thursday, defying expectations it would pick an external candidate to … In a statement, Rio Tinto president Simon Thompson said in a statement that “what happened in Zhucan was wrong.” He referred to the destruction of two rock shelters in Western Australia containing artifacts indicating that humans had occupied them for tens of thousands of years. “A more sophisticated approach is one that we have been adopting, and that is requiring genuine engagement between the proponents,” Wyatt said. "Rio Tinto now has the opportunity to address the necessary remediation, cultural heritage and risk processes with fresh eyes," ACSI chief executive Louise Davidson said in a statement. “It is hard to argue that we have not been misled by Rio Tinto’s evidence to the inquiry when you look at what was said together with the documents the company has provided on notice,” Entsch told Guardian Australia. Rio admitted that a huge number are still sitting in a non-airconditioned shipping container on a mining site in the Pilbara. All rights reserved. Mike Henry, BHP’s (NYSE: BHP; LSE: BHP; ASX: BHP) chief executive officer, has been at the job only since January 2020. Capitol rioter allegedly tweeted he wanted to 'assassinate' AOC, President Joe Biden's inaugural parade to the Oval Office, FBI investigating explosion, graffiti at church known for anti-LGBT views, MyPillow Guy among the Trump acolytes picking up the torch, Biden’s agenda clashes with looming impeachment trial, Rio Tinto chief executive Jean-Sebastien Jacques attends an annual general meeting in Perth, May 9, 2019. Rio Tinto destroyed the caves, in the Pilbara Desert in Western Australia, with government approval but against the objections of two peoples with deep … Calla Wahlquist, Fri 11 Sep 2020 16.00 EDT 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. Sacked Rio Tinto exec hits back over Guinea bribery scandal Save Simandou in Guinea is believed to be one of the biggest undeveloped high-grade iron ore deposits in the world Langton told ABC TV on Friday: “We’re [not] going to be satisfied with three scalps. Stausholm will assume the role on January 1, the same day outgoing CEO Jean-Sébastien Jacques is slated to step down. On Thursday, BHP announced it was setting up a heritage advisory council with Banjima native title holders to inform the design of its $4.5bn South Flank iron ore mining operation. “We will continue to take an active interest in how these changes are implemented.”. Rio Tinto has sacked three senior executives, including the global CEO, as penance for destroying a 46,000-year-old archaeological and sacred site in Western Australia’s Pilbara, but shareholder and Indigenous groups insist the move must signal the start of a major overhaul of the way all mining companies operate in the region. The Puutu Kunti Kurrama and Pinikura (PKKP) people are the native title holders for Juukan Gorge, where the ancient rock shelters were destroyed in May. Comments as recently as last year, coming from the chairman saying ‘That is not a community I’m going to empower with tens of millions of your cash’, demonstrate the company and board have a long way to go in understanding and valuing the intricacies of cultural heritage and the agency of traditional owners.”, It’s like blowing up the tomb of the unknown soldier and forgetting about the occupant. Bengaluru — Rio Tinto will cut the short-term bonuses of its CEO, Jean-Sébastien Jacques, and two other senior executives after a review of … A further 46 sites identified as sacred by the Banjima did not meet the threshold for the WA Aboriginal cultural materials committee to register them as a site, meaning they could be destroyed or damaged without permission. What we need to do is stop the destruction of sites.”, Available for everyone, funded by readers, Greenpeace report warns against granting licences to ‘deeply destructive’ industry with opaque oversight, and calls for global ocean treaty, Planning permission granted to Cumbria project that will extract 2.7m tonnes of coal per year, The Australian Mining and Exploration Council tells Juukan Gorge inquiry changes to strengthen laws would be an ‘over-reach’, The government introduced legislation in August to set up ‘one-stop shops’ at state level, before Samuel review of national laws was complete. For its part, FMG said it does not have heritage “gag order” clauses in its agreements with traditional owners and does not support a moratorium on mining activity. Australia’s biggest superannuation fund, the $175bn AustralianSuper, also sees the executive departures as merely a starting point. Jamie Lowe, chief executive of the National Native Title Council, which represents Australia's traditional owners of the land, said he had called on Rio Tinto to take more action than cutting executive bonuses. Last modified on Sat 12 Sep 2020 21.13 EDT. They just want to be able to protect their most significant cultural heritage sites,” council CEO Jamie Lowe said. “We cannot and will not allow this type of devastation to occur ever again,” the PKKP Aboriginal council said. Shareholders are also seeking accountability from Fortescue. Rio Tinto releases fourth quarter production results. Hesta, which manages $52bn on behalf of more than 870,000 Australians, wants an independent review of all current agreements between the company and traditional owners, and says it is talking to major global investors to join them in lobbying the Rio Tinto board. The head of global mining giant Rio Tinto and two other executives have resigned after an investor revolt over the destruction of the Juukan Gorge in Western Australia. “There needs to be a consistent theme of them showing that they are conscious of Aboriginal cultural heritage and its protection,” Lowe said of mining companies. Investors were expecting the mining giant would pick an external candidate. Rio Tinto releases fourth quarter production results 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. Executives to Step Down After Rio Tinto Destroys Sacred Australian Sites The mining giant’s chief executive was among those pushed out after shareholders revolted over the … Additionally, the WA Aboriginal heritage act does not give traditional owners the right to veto or even object to the destruction of their important sites. This news comes less than a month after Rio Tinto CEO Jean-Sébastien Jacques resigned in response to pressure from investors over the company’s avoidable destruction of a 46,000-year-old sacred Indigenous site in Australia. Rio Tinto CEO Tom Albanese has stepped-down as head of the world's second-largest mining group after a multi-billion writedown to the value of … “We cannot and will not allow this type of devastation to occur ever again,” the statement added. Rio Tinto Group is an Anglo-Australian multinational and the world's second largest metals and mining corporation, behind BHP, producing iron ore, copper, diamonds, gold and uranium. Guardian Australia revealed in June that the Western Australian government had granted BHP permission to destroy 40 Aboriginal heritage sites belonging to the Banjima people, in order to progress its South Flank development. Rio Tinto faces tough task to rebuild reputation Fallout from scandal over destruction of historic site risks spreading despite departure of CEO and... FT.com - Published on September 12, 2020 Rio Tinto CEO goes in They are supported by the mining industry. “We will continue to work with Rio Tinto in the aftermath of the Juukan Gorge disaster. 24/7 coverage of breaking news and live events. 2:06. Rio Tinto's chief executive Jean-Sebastien Jacques has been in charge of the company since 2016. Entsch said he hoped other mining companies would make similar commitments. Rio … “Rio Tinto’s purpose is to produce the materials essential to human progress and I remain deeply committed to this after the difficult times we have faced during 2020,” he said in a statement. THE executive sacked by Australian mining giant Rio Tinto over a controversial $13.8 million payment to a consultant to an African president is back in the mining game. Rio Tinto CEO steps down over destruction of 46,000-year-old Aboriginal caves. A top Rio Tinto executive sacked over a suspect multimillion-dollar payment connected to the mining giant's African operations says the company had … "Rio Tinto must prioritise working with traditional owners, the Puutu Kunti Kurrama and Pinikura people, to rebuild their relationship. Rio Tinto named Chief Financial Officer Jakob Stausholm as its next chief executive on Thursday. “I am also acutely aware of the need to restore trust with Traditional Owners and our other stakeholders, which I view as a key priority for the company,” he added. Ben Butler and A latex peel taken from the wall of the oldest rock shelter has been on display in the Brockman 4 administration building since 2014. Changes to the Environmental Protection, Biodiversity and Conservation (EPBC) Act will allow state governments to make the decision for nationally-listed cultural heritage places such as the Fitzroy River. “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 nature of these agreements and how they are negotiated represents a systemic risk for investors that will not be mitigated by executive changes,” CEO Debby Blakey said. This isn’t a positive thing for Western Australia. Langton said the PKKP and other traditional owners in the Pilbara must be given the power to decide how they want their cultural materials stored and reparations should also be made in the form they demand. “It is very much a part of the complex of problems that led to the destruction of the caves that the agreements are completely confidential and also include gag clauses. 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