Why is Rio Tinto’s Director Michael L’Estrange stepping down?

Rio Tinto has shocked many stakeholders and shareholders with their lack of accountability over the destruction of a significant archaeological site. A 46,000-year-old Aboriginal rock shelter at WA’s Juukan Gorge has been destroyed during a recent rock blasting by mining company Rio Tinto to expand their Brockman 4 Iron Ore mine. This has occurred just as Australia has been ranked the highest in the Investment Attractiveness Index. Rio Tinto had a positive 2020 recording no fatalities and progress through Covid-19 restraints, an ability to offer shareholders strong returns. But although they are complying with an environmental strategy regarding climate change, Rio Tinto’s Director, Michael L’Estrange said he would step down from his role at the company.

 


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