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Home › Dodgy Deals ›
Dodgy Deal
Rio TintoAustralia

Company – Active

This profile is actively maintained
Last update: 2022-04-12 00:00:00
Rio Tinto's Kennecott open pit copper mine. Photo: arbyreed via Flickr (CC BY-NC-SA 2.0)

Company – Active

This profile is actively maintained
Last update: 2022-04-12 00:00:00
Why this profile?
About
Sectors Coal Mining, Mining, Nuclear Electric Power Generation
Headquarters
Ownership

Shareholders. Rio Tinto plc is listed at the London Stock Exchange and Rio Tinto Ltd is listed at the Australian Securities Exchange.

Subsidiaries
Riversdale Mozambique – Mozambique
Website http://www.riotinto.com

Rio Tinto is a mining and exploration company involved in each stage of metal and mineral production and processing. Rio Tinto is one of the largest publicly listed mining companies in the world. The Group produces uranium, aluminium, copper, diamonds, coal, iron ore, gold and industrial minerals (borates, titanium dioxide, salt, talc). Rio Tinto operates in 50 countries, but it produces most in Australia and North America.

Impacts

Social and human rights impacts

See the Projects tab for information on the social and human rights impacts of Rio Tinto's "dodgy deals"


Environmental and climate impacts

See the Projects tab for information on the environmental impacts of Rio Tinto's "dodgy deals"


Other impacts

Rio Tinto's controversial business practices have prompted investors like the Government Pension Fund of Norway, NORGES bank, Birch Caring Capital, and the KLP to exclude Rio Tinto from their investment portfolios.

Financiers

From 2016 - 2020, thirty commercial banks financed Rio Tinto via loans totalling USD 16.35 billion (Profundo finance research April 2021). See below for more details on banks involved.

Commercial banks finance Rio Tinto via bond- and shareholding (Profundo finance research, April 2021 most recent filings). See below for more details on banks involved (listed are banks with bond- and shareholding USD 75 million+).

In October 2021 Rio Tinto issued USD 1.25 billion in bonds (maturing in 2051), which were underwritten by seven commercial banks. See below for more details on banks involved.

In November 2021, Rio Tinto entered into a USD 7.5 billion revolving credit facility with a syndicate of banks (maturity November 2026).  The new facility replaced the USD 7.5 billion revolving credit facility dated 15 November 2013, last amended in November 2020.

Institution type
Finance type
Year
Projects

Jadar lithium mine

Serbia
Project
Target
Mining

Jadar lithium mine

Serbia
There are no active project profiles for Rio Tinto now.

Compagnie des Bauxites de Guinée (CBG)

Guinea
Project
On record
Mining

Compagnie des Bauxites de Guinée (CBG)

Guinea

Grasberg gold and copper mine

Indonesia
Project
On record
Mining

Grasberg gold and copper mine

Indonesia
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks injected USD 37.7 billion in mining companies at risk of causing forest destruction and human rights violations

2022-04-12 | Forests & Finance Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investment funds injected US$ 54.1 billion into mining companies with interests in Indigenous territories in the Amazon

New report by APIB and Amazon Watch reveals main investors of eight large mining companies that wish to explore Indigenous territories in Brazil.
2022-02-22 | Brazil | Amazon Watch, Association of Brazil’s Indigenous Peoples (APIB)
BankTrack news BankTrack blog Partner news Partner blog

NAB targeted by Indigenous group over stake in Canadian pipeline

BankTrack quoted
2021-10-20 | The Sydney Morning Herald
BankTrack news BankTrack blog Partner news Partner blog

Rio Tinto debt overview

2021-09-24 | Rio Tinto
BankTrack news BankTrack blog Partner news Partner blog

Bougainville communities file human rights complaint against Rio Tinto for impacts of mine waste pollution

2020-09-29 | Human Rights Law Centre
BankTrack news BankTrack blog Partner news Partner blog

Rio Tinto sells its last Australian coalmine for $2.25bn

2018-03-28 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

One of the World's Biggest Miners Is About to Go Coal-Free

2017-11-10 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

Rio Tinto walks away from environmental responsibility for Bougainville’s Panguna mine

The people of Bougainville Island successfully shut down the mine in 1989, but now find themselves left to cope with its environmental fallout
2017-04-06 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

Scandal and intrigue overshadow environment at the Simandou mine in Guinea

2015-01-20 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

Rio Tinto closes dire chapter with $50m Mozambique coal sale

2014-07-30 | The Financial Times
BankTrack news BankTrack blog Partner news Partner blog

Rio Tinto sues Vale and Israeli billionaire Beny Steinmetz

2014-05-10 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Talks Stall for Rio Tinto Stake in Coal Mine

2013-09-30 | The Wall Street Journal
BankTrack news BankTrack blog Partner news Partner blog

Rio Tinto, Anglo push for stronger NSW rules

2013-08-26
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs criticise poor performance new leadership Deutsche Bank

2013-05-22 | Berlin | urgewald & Facing Finance
BankTrack news BankTrack blog Partner news Partner blog

Rio Tinto in Madagascar: 15 activists arrested

2013-03-19 | Ejolt
BankTrack news BankTrack blog Partner news Partner blog

Rio Tinto rethinks Mozambique business

2013-01-22 | Mozambique | Financial Times
BankTrack news BankTrack blog Partner news Partner blog

Rio Tinto threatens to exit Madagascar after CEO is trapped by protesters

2013-01-11 | The Telegraph
private BankTrack news BankTrack blog Partner news Partner blog

Rio Tinto accused over Bougainville 'genocide'

2011-10-26 | ABC News
BankTrack news BankTrack blog Partner news Partner blog

The Government Pension Fund divests its holdings in mining company

2008-09-09 | Norwegian Ministry of Finance
Resources
Documents
Links
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to Westpac on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to UniCredit on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to UBS on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to Toronto-Dominion Bank on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to Sumitomo Mitsui Financial Group on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to Standard Chartered on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to Societe Generale on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to SEB on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to Scotiabank on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to Santander on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to Royal bank of Canada on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to Nordea on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to National Australia Bank on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to Morgan Stanley on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to Mizuho financial Group on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to Mitsubishi UFJ on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to Intesa Sanpaolo on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to ICBC on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to HSBC on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to Groupe BPCE on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to Export Development Canada on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to DZ Bank on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to Deutsche Bank on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to DBS on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to Credit Agricole on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to Credit Suisse on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to Commonwealth Bank on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to Commerzbank on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to CITI on Rio Tinto Jadar Lithium mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to CIBC on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to BNP Paribas on Rio Tinto Jadar Lithium mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to BlackRock on Rio Tinto Jadar Lithium mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to Bank of Montreal on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to Bank of China on Rio Tinto Jadar Lithium mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to Bank of America on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to ANZ on RIO TINTOʼS JADAR LITHIUM MINE, SERBIA

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2021-12-12 00:00:00

Letter from BankTrack to Groupe BPCE on lithium mining in Serbia’s jadar valley

Correspondence
2021-12-12 00:00:00 | BankTrack
2021-05-06 00:00:00

Critical climate votes 2021

There will be a number of important resolutions filed by shareholders at key companies in the banking, energy, and utilities sectors this proxy season.
NGO document
2021-05-06 00:00:00 | Critical Climate Votes
2018-05-31 00:00:00

Dirty profits 6

NGO document
2018-05-31 00:00:00 | Facing Finance
2014-01-01 00:00:00

2013 Annual Report

Annual report
2014-01-01 00:00:00
2013-12-10 00:00:00

Dirty Profits II

Report on Companies and Financial Institutions Benefiting from Violations of Human Rights
NGO document
2013-12-10 00:00:00 | Facing Finance
2013-08-12 00:00:00

TOP 10 CURRENTLY MOST CONTROVERSIAL PROJECTS

Other document
2013-08-12 00:00:00 | RepRISK
2013-07-23 00:00:00

Coal Market Update July 2013

Low prices take their toll on coal firms
BankTrack publication
2013-07-23 00:00:00 | Greenpeace, BankTrack
2012-07-11 00:00:00

Rio Tinto: a record fit for the Olympics?

Rio Tinto briefing July 2012
NGO document
2012-07-11 00:00:00 | London Mining Network
2012-04-11 00:00:00

Preliminary results of CRIIRAD radiation monitoring near uranium mines in Namibia

NGO document
2012-04-11 00:00:00 | Commission de Recherche et d’Information Indépendantes sur la Radioactivité
2012-03-01 00:00:00

Most controversial mining companies of 2011

Other document
2012-03-01 00:00:00 | RepRisk
2009-12-12 00:00:00

Uranium Mining in Namibia. The mystery behind ‘low level radiation’

NGO document
2009-12-12 00:00:00 | Hilma Shindondola-Mote
2008-02-15 00:00:00

Recommendations Norwegian Pension Fund on Rio Tinto

Other document
2008-02-15 00:00:00 | Council of Ethics - The Government Pension Fund Global
2007-03-26 00:00:00

Corporate brochure - Diverse Products

Company document
2007-03-26 00:00:00 | Rio Tinto

Map by Environmental Justice, with environmental conflicts linked to Rio Tinto

Ro Tintot - Sustainable Development 2013

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