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    RIO   GB0007188757

RIO TINTO PLC

(RIO)
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Ex Rio Tinto chief Walsh joins Aboriginal group's board

07/28/2021 | 02:46am EDT

MELBOURNE, July 28 (Reuters) - Sam Walsh, a former chief executive of Rio Tinto Ltd, has joined the board of an Aboriginal group on whose traditional lands in Western Australia Rio Tinto and BHP Group have operations.

The appointment announced by Banjima Native Title Aboriginal Corporation on Tuesday comes after a particularly fraught period in relations between traditional land owners and Australia's powerful mining companies.

The outcry over Rio's destruction of the rock shelters at Juukan Gorge in Western Australia state last year led to a national inquiry and a review of heritage agreements struck between miners and the traditional owners.

Western Australia is expected to revise laws soon to better protect the heritage of the world's oldest continuous culture.

Walsh held the top job at Rio for three years to 2016. His successor, Jean-Sébastien Jacques, stepped down along with other senior officials in the wake of the Juukan Gorge controversy.

“Sam’s extensive experience in the mining sector and demonstrated track history with Aboriginal matters can support us in ensuring mining projects and conversations ... benefit Banjima People and our country,” Maitland Parker, Banjima Elder and chairman of BNTAC, said in a statement.

The Banjima group is based in the Pilbara region of Western Australia.

Walsh has director roles at Japan's Mitsui & Co Ltd , and Ma’aden Mining in Saudi Arabia, is chair of the Accenture Global Mining Council (UK), Gold Corporation in Australia, Perth Diocesan Trust and the western operations of the Royal Flying Doctor Service. Walsh said he was delighted to join the Banjima board.

“I look forward to working alongside the Banjima Directors and the community’s committees and councils to get the best possible outcomes for the Banjima People.” (Reporting by Melanie Burton; Editing by Simon Cameron-Moore)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP -1.72% 37.72 End-of-day quote.-11.10%
MITSUI & CO., LTD. 2.46% 2433.5 End-of-day quote.28.79%
RIO TINTO PLC -0.35% 4830.5 Delayed Quote.-11.69%
SAUDI ARABIAN MINING COMPANY (MA'ADEN) 1.41% 79.1 End-of-day quote.95.31%
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Financials (USD)
Sales 2021 65 708 M - -
Net income 2021 23 525 M - -
Net cash 2021 3 472 M - -
P/E ratio 2021 4,58x
Yield 2021 17,2%
Capitalization 26 668 M 26 668 M -
EV / Sales 2021 0,35x
EV / Sales 2022 0,45x
Nbr of Employees 47 500
Free-Float 65,3%
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Rio Tinto plc Technical Analysis Chart | RIO | GB0007188757 | MarketScreener
Technical analysis trends RIO TINTO PLC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 66,03 $
Average target price 82,54 $
Spread / Average Target 25,0%
EPS Revisions
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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