AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)
Markets

Rio Tinto beefs up dispute resolution team for Guinean bauxite

  • The global miner is battling to restore its reputation around how it manages human rights after it destroyed two ancient rock shelters sacred to Australian Aboriginal people for an iron ore mine last May.
Published February 12, 2021

MELBOURNE: Rio Tinto Ltd said on Friday it has provided expertise to its Guinean partner to help settle a dispute with local communities over resettlement for a bauxite mine.

Guinean villagers in communities around the mine filed a complaint in 2019 with International Finance Corp, a global development institution linked to the World Bank, alleging contraventions by miner Compagnie des Bauxites de Guinée SA (CBG) of its commitments around resettlement and pollution.

Bauxite producer CBG is 51% owned by consortium Halco Mining Inc and 49% owned by the Guinean government. Rio Tinto and Alcoa Corp each hold 45% of Halco, while Dadco Investments holds the rest.

Rio said in a statement it had offered CBG a Guinea-based Africa specialist and a manager with experience on resettlement and human rights, to encourage it to work towards an outcome aligned with international standards.

The global miner is battling to restore its reputation around how it manages human rights after it destroyed two ancient rock shelters sacred to Australian Aboriginal people for an iron ore mine last May.

Rio, which has board representation on Halco and CBG as well as various shareholder oversight committees, said the two parties reached agreement in December 2020 on ground rules for the mediation process.

In 2018, Human Rights Watch found that CBG and another bauxite producer routinely displaced rural residents from their land to build mines, roads and other infrastructure.

Comments

Comments are closed.