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What do Rio Tinto do?
Rio Tinto is a mining and metals company operating in 35 countries around the world. Our purpose is to produce the materials essential to human progress. Our four product groups bring this purpose to life: Aluminium, Copper, Minerals and Iron Ore.
What did Rio Tinto do wrong?
The backlash comes after the company destroyed sacred Aboriginal rock shelters in Western Australia last May. Rio Tinto blasted the 46,000-year-old rock shelters at Juukan Gorge to expand an iron ore mine, sparking an outcry and leading to several resignations.
What kind of business is Rio Tinto?
mining and metals company
Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations.
What does Rio Tinto mean in English?
red river
The Río Tinto (Spanish pronunciation: [ˈri.o ˈtinto], red river or Tinto River) is a river in southwestern Spain that rises in the Sierra Morena mountains of Andalusia.
What country is Rio Tinto from?
Spain
We were founded in 1873, on the banks of the Rio Tinto river in Andalusia, Spain.
Is Rio Tinto ethical?
It is this kind of corporate bad behaviour that has led IndustriALL Global Union, which represents 50 million workers in over 140 countries, to run an on-going campaign against Rio Tinto to demand it live up to its claim of being a sustainable company. But make no mistake, Rio Tinto remains far from ethical.
Why did Rio Tinto destroy the caves?
Mining giant Rio Tinto decided to destroy two 46,000-year-old Aboriginal rock shelters in order to access $135 million worth of iron ore that would not have been available under alternative mining plans avoiding the culturally significant site.
How many Aboriginal sites have been lost?
Bev Manton, Chairperson of the NSW Aboriginal Land Council, observes that “some 900 sites have been destroyed in recent years… with recent figures showing up to five permits [to destroy cultural heritage] being issued a week”. New South Wales remains the only state without independent culture and heritage legislation.
Why is Rio Tinto stock dropping?
The recent decline in RIO stock was driven by fall in iron ore prices and lackluster production numbers reported by the company. Global iron ore price per ton has fallen from $123 to $103, registering a decline of 16\% in a week.
Why is the Tinto river red?
While the acid has made the Rio Tinto inhospitable to most types of life, it has made it more hospitable to sulfide-consuming bacteria and other extremophiles that amplify the acidification process. These organisms give the river its red hue by producing ferric iron, a rust-colored substance.
When did Rio Tinto come to Australia?
The British based Rio Tinto Company was formed by investors in 1873 to mine ancient copper workings at Rio Tinto near Huelva in southern Spain. The Consolidated Zinc Corporation was incorporated in 1905 to treat zinc bearing mine waste at Broken Hill, New South Wales, Australia.
When was Rio Tinto created?
1873
Rio Tinto/Founded
Who owns Rio Tinto?
Rio Tinto is the sole owner of Rio Tinto Iceland ltd. Rio Tinto is a cutting-edge organization with a remarkable combination of talented people, innovative products, advanced technologies and a decidedly customer-focused culture.
Where is Rio Tinto headquartered?
Rio Tinto’s Australian headquarters are located in the 120 Collins Street building in Melbourne, Australia. Under the company’s dual-listed company structure, management powers of the Rio Tinto Group are consolidated in a single senior management group led by a board of directors and executive committee.
What does Rio Tinto mine?
Aluminium – aluminium,bauxite and alumina
What is the beach in Rio?
Beaches From sexy Ipanema and Copacabana, to more secluded and slightly lesser-known stretches of sand, like Prainha Beach, Brazil’s Rio de Janeiro is best known for its beaches. Grab your sunscreen and Brazilian bikinis and head to the sunny shores of Rio’s best beaches.