It was “inexcusable”, said the report, and called on Rio Tinto to set about rebuilding the site and compensating the traditional owners of the caves, the Puutu Kunti Kurrama and Pinikura peoples of Western Australia. Rio Tinto releases fourth quarter production results. Rio Tinto PLC - London-based miner - Copper & Diamonds Chief Executive Arnaud Soirat sells 13,500 shares at AUD115.21, worth AUD1.6 million, about GBP878,300, on Tuesday. Rio Tinto names CFO Jakob Stausholm as next CEO after cave blast fallout Back to video Stausholm will now have to repair strained relationships with investors and the Aboriginal community while reforming the company to improve oversight and repair public trust. Rio Tinto parted ways with its chief executive and two deputies ... Rio Tinto bows to pressure over cave blast as CEO, executives exit. “In Rio Tinto’s case the company preempted this need for reinvention and it’s led the industry, and to … Friday, 11 September, 2020. Rio Tinto CEO Stepping Down Over Destruction Of Ancient Aboriginal Site In May, mining giant Rio Tinto blasted through two ancient rock shelters in Western Australia in … Rio Tinto CEO quits after backlash over Aboriginal site destruction. Rio Tinto's chief executive Jean-Sebastien Jacques will lose $4.9 million in bonuses after the destruction of the Juukan Gorge rock shelters. Rio Tinto Group’s calamitous $3.7 billion coal deal in Mozambique keeps coming back to haunt the world’s second-biggest miner. British firms called for another 7.6 billion pounds ($10.3 billion) of emergency government help, saying they cannot wait until finance minister Rishi Sunak’s March budget to learn if they will get more pandemic support. Miner Rio Tinto rose 1.4 after reporting a 2.4% rise in fourth-quarter iron ore shipments, helped by increased demand from China. Save. Former Rio Tinto CEO, Sam Walsh, discussed the motivation and origin of the concept as the guest keynote speaker at the Gartner Data and Analytics Summit in Sydney yesterday. Rio Tinto CEO Jean-Sébastien Jacques and two other executives have resigned after the company destroyed a 46,000-year-old Indigenous site in Australia while expanding an iron ore mine. But at least it can be said that the reworking of the mine plan for the underground push at Oyu Tolgoi in Mongolia’s south Gobi desert has been accepted as an event not worth fretting over, writes Barry FitzGerald . Mining company Rio Tinto has announced the sudden resignation of its chief executive Tom Albanese. As CEO, Tom Albanese oversaw the acquisition of Alcan for $38 billion in 2007. The estimated Net Worth of Thomas Ronald Palmer is at least $28 Million dollars as of 4 January 2021. Rio Tinto engaged law firm Ashurst to deal with ... but was previously with Rio Tinto. Mr. Palmer owns over 5,150 units of Newmont Corp stock worth over $15,003,957 and over the last 4 years he sold NEM stock worth over $5,663,729. But for governance observers it’s worth bearing in mind what the parliamentary report dug up about Rio Tinto’s leadership. CEO SALARY SURVEY | Rank Senior Executive Title Company Name Total Salary Base Salary Bonuses Shares / Options Superan-nuation Special Payouts Company ... 3 Sam Walsh Executive Director Rio Tinto $7,587,000 $1,475,000 $2,832,000 $3,280,000 $726,200,000 $60,323,000,000 The company destroyed the caves against the wishes of the of the Puutu Kunti Kurrama and Pinikura (PKKP) people. ... A look at Akshay Kumar's net worth & assets. Rio Tinto's aluminum operations have lost money for years and the charge is the second in 12 months. Some analysts expect an external candidate will be chosen, as many potential leaders left the miner in the past four years. In addition, he makes $7,332,200 as President, Chief Executive Officer, and Director at Newmont Corp. Rio said Stausholm, who was formerly at Royal Dutch Shell and Maersk, will take over as CEO on Jan. 1, 2021, and Peter Cunningham will be appointed as chief financial officer on an interim basis. “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. Explosions in May to open up a mining area at an iron ore operation impacted two rock-shelters—shallow, cave-like structures—in the Juukan Gorge region of Western Australia’s Pilbara region. Rio Tinto CEO steps down over destruction of 46,000-year-old Aboriginal caves. Last month, Rio Tinto said it had cut Mr Jacques' bonus by £2.7m. Rio Tinto last month began a search for a successor to Mr. Jacques, who will remain in his role no later than March 31. Rio gets a grip on Oyu Tolgoi RIO Tinto has become issue-rich in recent times. Jean-Sébastien Jacques and two senior executives to leave miner after investor pressure. Melanie Burton. 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. “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. Rio Tinto, the world's second-largest listed mining company by market value, said a search for a new CEO was under way and Mr. Jacques would leave sooner than March 31 if … Rio Tinto CEO, execs quit over blasting of Aboriginal sites. 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