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Dodgy Deal
Rio TintoAustralia
Company – On record
This profile is no longer actively maintained, with the information now possibly out of date
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 – On record
This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2022-04-12 00:00:00
Why this profile?
Why this profile?
Rio Tinto is involved in a number of problematic projects such as the Simandou iron ore project in Guinea that are of human rights and environmental concerns.
What must happen
Rio Tinto must ensure respect for human rights and follow environmental standards so as to protect the environment.
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
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.
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.
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+).
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.
Institution type
Finance type
Year
Projects
There are no active project profiles for
Rio Tinto now.
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