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    RIO   GB0007188757

RIO TINTO PLC

(RIO)
  Report
Delayed Quote. Delayed London Stock Exchange - 08/03 11:36:29 am
6291 GBX   +1.21%
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Rio Tinto Adds Ex-Aboriginal Affairs Minister Ben Wyatt to Board

06/03/2021 | 04:59pm EDT

By Rhiannon Hoyle

SYDNEY--Rio Tinto PLC named Ben Wyatt, Western Australia state's former aboriginal affairs minister, as a nonexecutive director as the miner continues to rebuild relations with indigenous landowners following the destruction of two ancient rock shelters in Australia last year.

Rio Tinto said Mr. Wyatt, who was also previously the iron-ore-rich state's treasurer and left politics in March, would join its board on Sep. 1.

"With family links to the Pilbara and an impressive track record in public life, Ben's knowledge of public policy, finance, international trade and Indigenous affairs will significantly add to the depth of knowledge on the board at a time when we are seeking to strengthen relationships with key stakeholders in Australia and around the world," said chairman Simon Thompson.

Mr. Thompson isn't seeking reelection next year because of the demolition of the Juukan Gorge shelters that contained a trove of artifacts indicating they had been occupied by humans more than 46,000 years ago. He will become the fourth senior leader to leave the world's second-largest mining company because of the caves' destruction, after Jean-Sébastien Jacques was removed as chief executive and two other executives were forced out.

Rio Tinto has said it is working to repair relations with indigenous groups. Mr. Wyatt said he was "deeply saddened and disappointed" by the destruction of the Juukan Gorge shelters.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

06-03-21 1859ET

Stocks mentioned in the article
ChangeLast1st jan.
3I GROUP PLC -1.01% 1280 Delayed Quote.10.54%
DJ INDUSTRIAL 0.80% 35116.4 Delayed Quote.14.14%
RIO TINTO PLC 1.21% 6291 Delayed Quote.14.83%
SILVER 0.47% 25.64 Delayed Quote.-3.60%
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More news
Financials (USD)
Sales 2021 67 065 M - -
Net income 2021 24 396 M - -
Net cash 2021 4 292 M - -
P/E ratio 2021 5,89x
Yield 2021 13,3%
Capitalization 145 B 145 B -
EV / Sales 2021 2,10x
EV / Sales 2022 2,55x
Nbr of Employees 47 500
Free-Float 65,3%
Chart RIO TINTO PLC
Duration : Period :
Rio Tinto plc Technical Analysis Chart | RIO | GB0007188757 | MarketScreener
Technical analysis trends RIO TINTO PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Last Close Price 87,41 $
Average target price 90,15 $
Spread / Average Target 3,14%
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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