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The Latest Breaking News from Rio Tinto

Mine company's blasting of rock shelters likened to Taliban

An Australian minister has likened a mining company blasting ancient rock shelters to the Taliban’s destruction of giant Buddha carvings and vowed to improve protections of Indigenous cultural heritage

The Independent UK

Labor commits to new Indigenous heritage protections but response to Juukan Gorge report angers traditional owners

Puutu Kunti Kurrama and Pinikura traditional owners say government should have consulted them about response to Rio Tinto’s destruction of sacred site

The Guardian - AU

Australia approves national plan to safeguard Indigenous heritage

Australia will strengthen laws to protect Aboriginal cultural heritage, Environment Minister Tanya Plibersek said on Thursday, following a review of mining standards after Rio Tinto's destruction of the sacred Juukan Gorge rock shelters.

Reuters

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Government to legislate new protections after Juukan Gorge destruction

The federal government responds to an inquiry into Rio Tinto's destruction of a sacred site at Juukan Gorge, agreeing to legislate new cultural heritage protections and review the native title act.

ABC News

Juukan owners lash out at govt response

The federal government has pledged to better protect Indigenous cultural heritage but the Juukan Gorge custodians say they weren't meaningfully consulted.

AAP

Alumina refines credible path to net zero

Clean energy and local expertise could transform alumina refining, which has been one of toughest sectors to crack in decarbonising the Australian economy.

AAP

Big miners to fund WA 'legacy' infrastructure projects in new investment fund

Mark McGowan establishes an investment trust funded by the state's most prominent resource companies to realise 'legacy projects'.

ABC News

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Australian Indigenous leaders say ‘need to be’ at climate table

First nations representatives say the scale of the climate crisis requires ‘unprecedented collaboration’.

Al Jazeera

Australia’s ‘carbon capital’ charts a course away from fossil fuels and a boom-bust cycle

Queensland’s Gladstone council is pinning its hopes on a 10-year energy transition plan, amid concerns for its future in a net zero world

The Guardian - AU

Looking At Rio Tinto's Recent Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on Rio Tinto. Looking at options history for Rio Tinto (NYSE:RIO) we detected 25 strange trades.

Benzinga

China's demand for Australian iron ore stalls, sending the price for our biggest earner spiralling

WA's iron ore miners are ramping up production with new mines, but with the commodity price falling, is it worth it?

ABC News

Australia’s largest firms post record tax bill, despite almost a third paying nothing

Australia's largest companies are paying more tax under a government crackdown on avoidance, but almost a third still contributed nothing.

The New Daily

Federal government approves ERA request to drawn down $56.8 million from Ranger uranium mine security bond

Cash-strapped miner Energy Resources of Australia says the federal government has agreed to release almost $60 million from the security bond meant to ensure the mine site is rehabilitated.

ABC News

All That Glitters: What 3 Global Mining Companies Offer High-Yield Dividends?

The iShares MSCI Global Select Metals & Mining Producers ETF (BATS: PICK) is down roughly 16.53% year-to-date. Despite being down, it was considerably better than the S&P 500 down nearly 21% year-to-date.

Benzinga

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ABC News

NT government’s years-long public housing waitlist putting a strain on remote health system

Nurses in a remote corner of Australia are raising the alarm over an issue they say is threatening the lives of chronically ill patients and putting a burden on the health system.

Benzinga

Check Out What Whales Are Doing With RIO

Someone with a lot of money to spend has taken a bullish stance on Rio Tinto (NYSE:RIO). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

AAP

Rio says rail issues hit ore shipments

Mining giant Rio Tinto says two unplanned outages on its rail lines in the Pilbara means its full-year shipments will be at the lower end of expectations.

AAP

ASIC secured $230m in corporate fines

Two of the big four banks are among the corporations hit with penalties totalling almost $230 million secured by ASIC in the last financial year.

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The Guardian - AU

‘Walk away’: traditional owners defend Kakadu against a new push from uranium miners

The resurrection of the push to tap into Jabiluka has pitted the Mirarr people and Rio Tinto against investors who trumpet uranium’s green credentials

ABC News

Rio Tinto agrees to loan $100 million to Energy Resources Australia for NT Ranger Mine rehabilitation

Mining giant Rio Tinto has agreed to loan $100 million to a company that is struggling to pay for the clean-up of a Northern Territory mine site.

ABC News

Energy Resources of Australia's chairman, two directors, say they'll resign after pressure from Rio Tinto and traditional owners

The chairman and two directors of a company responsible for the clean-up of a uranium mine on the edge of Kakadu say they'll resign, after pressure from Rio Tinto and traditional owners.

The Guardian - AU

Directors of firm responsible for clean-up at Kakadu uranium site will resign amid fight with Rio Tinto

Miner wants Energy Resources Australia chair to resign after minority shareholders threw doubt over Ranger mine rehabilitation

The Guardian - AU

Kakadu uranium site clean-up in limbo amid calls to revive mine

Rio Tinto wants to fund rehabilitation but Ranger mine owner’s minority shareholders are pushing for further development

ABC News

Mirarr traditional owners furious over suggestion Jabiluka uranium could be mined

An independent report commissioned by ERA suggests that the company could pay for the rehabilitation of one mine site by establishing another.

The Guardian - AU

Nationals say renewables can’t meet energy needs without fossil support. But do the claims firm up?

The Nationals have turned the scare rhetoric up to 11, but the energy market operator has already accounted for much of their criticisms

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