Rio Tinto (ASX, LON, NYSE: RIO… 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. Rio Tinto CEO Jean-Sebastien Jacques is under pressure to resign. “In engagement with us, FMG has been clear that it is happy for business to continue as usual. A latex peel taken from the wall of the oldest rock shelter has been on display in the Brockman 4 administration building since 2014. "Rio Tinto must prioritise working with traditional owners, the Puutu Kunti Kurrama and Pinikura people, to rebuild their relationship. CANBERRA, Australia -- Rio Tinto chief executive Jean-Sebastien Jacques will leave the Anglo-Australian mining giant by March over the destruction of Australian Indigenous sacred sites to access iron ore, the company said on Friday. Rio Tinto sacked chief executive Tom Albanese on Thursday and revealed a $14 billion writedown in connection with his two most significant acquisitions, the Alcan aluminium group and Mozambican coal. Rio Tinto destroyed the caves, in the Pilbara Desert in Western Australia, with government approval but against the objections of two peoples with deep … 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 We need to make sure that there’s been no unconscionable conduct,” she said. Bloomberg The futures of Mr Jacques, iron ore boss Chris Salisbury and … 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. The parliamentary inquiry set up to investigate the debacle welcomed news of Friday’s resignations. The ACCR has also sought similar assurances from BHP. Rio Tinto's new CEO pledges to 'restore trust' after destruction of sacred Indigenous site By Michelle Toh , CNN Business Updated 5:08 AM ET, Thu December 17, 2020 Rio Tinto has been contacted for comment regarding Entsch’s allegations. (Reuters: Toby Melville)Organisational weakness Of course, Rio … “We need to see them commit to employing experts in their company, not spin doctors and external relations people,” she said. I’m keen now for the board and the company to move on, learn the lessons that it needs to learn and become again the leader in those partnerships between Aboriginal and non-Aboriginal people,” he said. Rio Tinto’s Chief Executive and two other high-ranking executives have stepped down amid the aftermath of the mining giant’s destruction of the Juukan Gorge caves. Mike Henry, BHP’s (NYSE: BHP; LSE: BHP; ASX: BHP) chief executive officer, has been at the job only since January 2020. 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. “Significant stakeholders have expressed concerns about executive accountability for the failings identified,” Rio Tinto said in a statement. How about their utter incompetence in dealing with our cultural heritage?”. “FMG has a dubious history of engagement with Pilbara native title holders, specifically the Yindjibarndi people. Rio admitted that a huge number are still sitting in a non-airconditioned shipping container on a mining site in the Pilbara. 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. Traditional owners are not anti-economic development. Jean-Sebastien Jacques is leaving Rio Tinto early next year after more than four years as CEO Two other senior executives, the heads of iron ore and corporate affairs, are also leaving The departures are in response to Rio Tinto's destruction of ancient Aboriginal cultural heritage sites in May this year But Wyatt won’t halt current mining company applications to destroy heritage under the WA act saying a moratorium was “a clumsy approach”. “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. The company destroyed the caves against the wishes of the of … All rights reserved. Two years later they wrote-down the value of the assets by $3 billion. “Mining companies are on notice they do not have the social license to destroy First Nations peoples’ heritage and culture,” Siewert said. As the dust settles on Friday’s announcement, questions remain about the safety of 7,000 artefacts salvaged from the Juukan Gorge site. Rio Tinto Group CEO Jean-Sébastien Jacques, Rio Tinto Chief Executive Iron Ore, Chris Salisbury and Corporate Relations Group Executive, Simone Niven are all stepping down in response to shareholder pressures for … “We cannot and will not allow this type of devastation to occur ever again,” the PKKP Aboriginal council said. One of Australia’s biggest superannuation funds says the departure of CEO Jean-Sébastien Jacques, head of iron ore Chris Salisbury, and corporate affairs chief Simone Niven won’t be enough to restore investor confidence. “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. New Rio Tinto boss Jakob Stausholm faces the first major test of his tenure as Rio chief executive, with the government of Mongolia renewing threats to … Rio Tinto CEO steps down over destruction of 46,000-year-old Aboriginal caves. CANBERRA, Australia -- Rio Tinto chief executive Jean-Sebastien Jacques will leave the Anglo-Australian mining giant by March over the destruction of Australian Indigenous sacred sites to access iron ore, the company said on Friday. One of Rio’s biggest global investors, Aberdeen Standard International, said the company needed to work on rebuilding trust with its stakeholders. ABC NEWS (Australia) ... Kirk Cousins sacked for second time. “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? 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 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. Jacques will leave the Anglo-Australian mining giant by March, 2021, over the destruction of the sacred sites, the company said on Friday, Sept. 11, 2020. 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. “New leadership, new structures and new operating principles within the company are essential to preventing such catastrophes in the future.”. Earlier this week, the parliamentary inquiry said Rio had misled its members. They just want to be able to protect their most significant cultural heritage sites,” council CEO Jamie Lowe said. 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. Rio Tinto's chief executive Jean-Sebastien Jacques has been in charge of the company since 2016. Rio Tinto named Chief Financial Officer Jakob Stausholm as its next chief executive on Thursday, defying expectations it would pick an external candidate to … Trump’s Parting Gift to Rio Tinto Has a Sting in the Tail The miner finally got approval to pursue a copper project on Native American land. Langton said Rio must now build a workforce with greater local knowledge, better able to engage with traditional owners to “establish the kinds of cultural heritage protection mechanisms that were recommended to them”. 2016 - Eli Manning sacked by Corey Lemonier. On Thursday, the mining giant named Chief … 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. The WA treasurer and Aboriginal affairs minister, Ben Wyatt, also said Rio had lost connection with the Pilbara, where it generates 75% of its revenue. Rio Tinto CEO stepped down following Juukan Gorge. 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. (Will Russell/AAP Image via AP). This isn’t a positive thing for Western Australia. Rio Tinto (NYSE: RIO; LSE: RIO) CEO Jean-Sébastien Jacques will step down by the end of March next year over a mounting backlash against the company’s decision to destroy ancient Aboriginal heritage sites in Western Australia. Mining giant Rio Tinto made headlines last week as it faces allegations of poisoning rivers in Papua New Guinea. The agreements used by the three major mining companies – Rio Tinto, BHP and Fortescue Metals Group – are largely the same. 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