Rio Tinto bosses lose bonuses over Aboriginal cave destruction (BBC News – August 24, 2020)

https://www.bbc.com/

Mining giant Rio Tinto has cut the bonuses of three executives over the destruction of two ancient caves in Australia.

In May, the world’s biggest iron ore miner destroyed the sacred Aboriginal sites in Pilbara, Western Australia. The company went ahead with the destruction of the Juukan Gorge rock shelters despite the opposition of Aboriginal traditional owners.

They were among the oldest historic sites in Australia. The caves showed evidence of continuous human habitation dating back 46,000 years. Rio Tinto’s chief executive Jean-Sebastien Jacques will lose a total of £2.7m.

Chris Salisbury, chief executive of iron ore, and Simone Niven, group executive of corporate relations, will lose payouts of more than half a million pounds each.

The company, whose shares are listed in both London and Sydney, said it would provide more details on the bonus cuts in its 2020 remuneration report.

For the rest of this article: https://www.bbc.com/news/business-53885695

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