Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Rio chief apologises at Australia government inquiry over caves blast

Published 07/08/2020, 09:26 am
Updated 07/08/2020, 09:30 am
RIO
-
RIO
-

MELBOURNE, Aug 7 (Reuters) - Rio Tinto 's RIO.AX RIO.L chief executive apologised at an Australian Senate enquiry on Friday for the destruction of two sacred caves, saying there was no doubt the company could have made better decisions.

"This is a defining moment for Rio Tinto. We are absolutely committed to learn and change," chief executive Jean-Sébastien Jacques said in an opening statement as the hearing began.

The world's biggest iron ore miner in late May legally destroyed two historically significant sacred caves in Western Australia state, against the wishes of the Aboriginal Traditional Owners, which sat atop a high grade ore body it planned to mine.

The destruction distressed the local Puutu Kunti Kurrama and Pinikura people (PKKP) and fuelled a wider public outcry that led to the inquiry into how the blast was legally sanctioned.

The destruction of the sites, which showed evidence of 46,000 years of continual habitation, occurred just as the Black Lives Matter protests trained a global spotlight on racial injustice.

The inquiry is looking at how culturally significant site came to be destroyed, the processes that failed to protect it, the impacts on Traditional Owners, and the legislative changes required to prevent such incidents from recurring. is conducting its own independent board review into the incident, due to be completed in October, and has pledged to make the findings public.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.