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Articles on Rio Tinto

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A breakthrough resolution on Rio Tinto’s climate stance has received a strong vote at the company’s AGM. AAP Image/Andy Brownbill

Rio Tinto’s climate resolution marks a significant shift in investor culture

The shareholder resolution on climate change at Rio Tinto’s AGM is another indication of how much investor culture is tilting towards demanding that companies take a responsible climate stance.
Prime Minister Tony Abbott says an inquiry into iron ore competition “could make sense”. Alan Porritt/AAP

Competition the wrong test for iron ore inquiry

While it’s easy for the large miners to argue increased iron ore production is business as usual, the overall cost to the sector warrants a closer inspection.
Rio Tinto’s Mount Thorley-Warkworth mine in the Hunter Valley, which looks set to expand further. The NSW planning department says it would “not be reasonable” to require Rio Tinto “to completely or even partially backfill the final void”. Lock The Gate Alliance/Flickr

Disused mines blight New South Wales, yet the approvals continue

There are hundreds of derelict mine sites across New South Wales – and the state planning department has admitted it is “not aware of the total size” of large mining voids currently being left behind.
Mining in Madagascar – but do the miners give enough back? Amy Glass/People and Development/supplied

Does ‘offsetting’ work to make up for habitat lost to mining?

“Biodiversity offsetting” – protecting animals and plants in one area to make up for negative impacts in another – is increasingly used by companies such as mining firms, as a way to boost their corporate…
A US Supreme Court decision last week damaged the legal options for holding corporations to account for human rights and environmental abuses. Philosophicalswag

Corporate accountability and gutting the US Alien Tort Statute

The US Supreme Court has handed down a landmark decision that will have drawn sighs of relief from corporate boardrooms in Australia and around the world. Kiobel v. Royal Dutch Petroleum was brought by…
The replacement of Tom Albanese by Sam Walsh as Rio Tinto chief following write-downs on Riversdale Mining in Mozambique indicates some of the continuing difficulties of working in developing countries. AAP

Despite tough lessons for Australian miners, transparency should still be a goal

Two recent events have highlighted the potential pitfalls of miners doing business in developing states. The first was the departure of Tom Albanese as Rio Tinto’s Chief Executive following a $13.3 billion…
Iron ore prices have rebounded: but forecasting prices is a tricky business. AAP

A rebound in iron ore prices? Who knows?

Forecasting commodity prices is like buying a second hand car. Only the car’s previous owner and perhaps the dealer really know what the car is actually like. In contrast you, the buyer, are an outsider…
The Mining industry’s “This is our Story” campaign showing the sector’s relationship with ordinary Australians may be part of a longer term strategy to avoid further taxation. Screenshot from thisisourstory.com.au

Hearts, minds and hip pockets: how the resources industry aims to win over ordinary Australians

Have you wondered why those chipper ads that share the personal stories of mining workers are still being rolled out on TV and at cinemas? In one, I recently learned about a sweet group of women whose…
Chinese investment in smaller iron-ore suppliers in Western Australia not only presents challenges for the market power of the Big 3 mining companies, but also for the viability of iron ore projects in Australia. AAP

How China drives the Australian iron ore boom (and bust)

With several major mining projects being put on ice this week, talk has quickly turned to whether the Australian mining boom is about to go bust. Jumping on comments by the Resources Minister that “the…
Stuck in Botany Bay: Greenpeace activists celebrate the Danish government’s decision to halt Orica’s plans to ship toxic waste to Denmark. AAP

Beyond the bottom line: how to reward executives for sustainable practice

Are sustainability-dependent executive bonuses the answer to saving the planet? Research recently conducted by the Centre for Corporate Governance at the University of Technology, Sydney, examined whether…
China will dominate global steel production, but Australia can have a future in high value steel making - if we don’t lose our nerve. AAP

Why Australia must forge a future in China’s Age of Steel

Recently, I met a friend at a conference in Japan. My friend is a specialist in steelmaking technology and, after a long successful career in Japan, had taken up a position in a Chinese Steel company called…

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