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BRIEF-Rio Tinto Says Will Establish Indigenous Advisory Group

Published 23/03/2021, 08:42 am
© Reuters.
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March 23 (Reuters) - Rio Tinto (LON:RIO) Ltd RIO.AX :

* WILL TODAY DETAIL HOW IT IS WORKING IN PARTNERSHIP WITH TRADITIONAL OWNERS, HOST COMMUNITIES AND INDEPENDENT GROUPS

* INDIGENOUS ADVISORY GROUP WILL BE ESTABLISHED

* HAS ALSO COMMENCED WORK TO REVIEW AND RE-DEFINE WHAT IS BEST PRACTICE FOR CULTURAL HERITAGE MANAGEMENT IN MINING INDUSTRY

* COMPANY HAS SIGNIFICANTLY STRENGTHENED INTERNAL PRACTICES, POLICIES AND GOVERNANCE

* ALSO COMMITTED TO ADDITIONAL DISCLOSURES ON PROGRESS OF HERITAGE MEASURES BEING UNDERTAKEN

* ENGAGING WITH GLOBAL INVESTORS, INVESTOR GROUPS TO IDENTIFY ADDED DISCLOSURES ON PROGRESS AGAINST CO'S OWN COMMITMENTS & INTERNAL WORK-STREAMS

* INTENDS TO COMMENCE WITH INTERIM REPORTING IN Q3 OF 2021 AND THEREAFTER WITH PREDOMINANTLY ANNUAL REPORTING

* ENGAGING WITH INVESTOR GROUPS TO JOINTLY IDENTIFY ADDED DISCLOSURES ON HOW TRADITIONAL OWNERS' VIEWS BEING SOUGHT & CONSIDERED

* ENGAGING WITH INVESTORS TO IDENTIFY DISCLOSURES ON ENHANCED GOVERNANCE ARRANGEMENTS TO OVERSEE CO'S PROGRESS AGAINST THESE ACTIONS

* COMMENCED WORK ON REVIEW TO IDENTIFY GAPS IN CURRENT PROTOCOLS AND PROVIDE A CLEAR PATHWAY TO RE-ESTABLISH TRUST OVER TIME

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