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    RIO   AU000000RIO1

RIO TINTO GROUP

(RIO)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 09/22
98.27 AUD   +2.67%
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09/22RIO TINTO : Jefferies reiterates its Buy rating
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Rio Tinto : CEO of Aboriginal group whose rock shelters Rio Tinto destroyed steps down

07/27/2021 | 05:16am EDT
FILE PHOTO: File photo of a miner holding a lump of iron ore at a mine located in the Pilbara region of Western Australia

MELBOURNE (Reuters) - The chief executive of the Aboriginal group whose ancient rock shelters Rio Tinto Ltd detonated for an iron ore mine last year is stepping down from the organisation, the group said on Tuesday.

Carol Meredith will leave the role in September to spend more time with family overseas and the search for a new chief executive is underway, the PKKP Aboriginal Corporation, which administers the lands of the Puutu Kunti Kurrama and Pinikura people, said in a statement.

Rio destroyed the rock shelters in Western Australia that showed some of the earliest evidence of Ice Age human habitation dating back 46,000 years, which ultimately cost the chief executive and a suite of others their jobs.

It has pushed firmly into the limelight heritage management practices by Australian states and companies of the world's oldest continuous culture, with a national inquiry underway and due to report findings towards the end of this year.

Meredith said that dealing with the devastation at Juukan Gorge and its aftermath had been extremely challenging and she hoped to finalise improved practices with the miner before she left.

"In the coming weeks I will be working closely with the PKKP Board and our support team as we seek to finalise a co-management of mining model with Rio Tinto," she said in a statement.

"This is a critical and far-reaching step as co-management of mining represents a true partnership which will recognise and support the rights of traditional owners in relation to mining on their lands."

(Reporting by Melanie Burton, editing by Louise Heavens)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
RIO TINTO GROUP 2.67% 98.27 End-of-day quote.-13.67%
RIO TINTO PLC 0.53% 4855.5 Delayed Quote.-11.50%
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Financials (USD)
Sales 2021 65 708 M - -
Net income 2021 23 655 M - -
Net cash 2021 3 865 M - -
P/E ratio 2021 4,57x
Yield 2021 17,2%
Capitalization 109 B 109 B -
EV / Sales 2021 1,60x
EV / Sales 2022 1,95x
Nbr of Employees 47 500
Free-Float 65,3%
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 65,92 $
Average target price 82,54 $
Spread / Average Target 25,2%
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Managers and Directors
Jakob Stausholm Chief Executive Officer & Executive Director
Peter Lloyd Cunningham Chief Financial Officer & Executive Director
Simon Robert Thompson Chairman
Arnaud Soirat Chief Operating Officer
Megan Clark Independent Non-Executive Director
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