Kurrama people

Rio Tinto delivers underlying EBITDA of $26.3 billion and total dividends of 492 US cents per share

Retrieved on: 
Wednesday, February 22, 2023
Professional Services, Natural Resources, Mining, Minerals, Finance, Lithium, EBITDA, Safety, Juukan Gorge, Climate change, Female, Trust, Workplace, Hugo, Yinjibarndi language, Policy, ESG, JV, TRQ, Heart, Pekuakamiulnuatsh First Nation, SPS, James Wedgwood Drawbell, Acquisition, Turquoise Hill Resources, AGR, International Financial Reporting Standards, Indigenous peoples, APM, Environment, PKKP, Panel, Oyu Tolgoi mine, Agreement, Fatality, Rio Tinto, Kurrama people, International, Movement, Paraburdoo, Western Australia, Injury, Person, Rhodes, Heads of Agreement (1981), Rincon, CSP, Cryptocurrency, Renewable energy, Iron ore

Free cash flow1 of $9.0 billion included capital expenditure of $6.8 billion, which decreased 9% as we commissioned our current programme of Pilbara replacement projects, notably Gudai-Darri.

Key Points: 
  • Free cash flow1 of $9.0 billion included capital expenditure of $6.8 billion, which decreased 9% as we commissioned our current programme of Pilbara replacement projects, notably Gudai-Darri.
  • $26.3 billion underlying EBITDA1 was 30% below 2021, with an underlying EBITDA margin1 of 45%.
  • $13.3 billion underlying earnings1 (underlying EPS1 of 819.6 US cents) were 38% below 2021.
  • $8.0 billion full-year dividend, equivalent to 492 US cents per share.

PKKP and Rio Tinto to create Juukan Gorge Legacy Foundation

Retrieved on: 
Sunday, November 27, 2022
Natural Resources, Coal, Energy, Steel, Philanthropy, Mining, Minerals, Manufacturing, Foundation, Rio, Rio Tinto, Partnership, Kurrama people, Native title in Australia, Land council, Rehabilitation, Corporation, PKKP, Iron ore, Country, Juukan Gorge

The Puutu Kunti Kurrama and Pinikura (PKKP) Aboriginal Corporation and Rio Tinto have agreed to create the Juukan Gorge Legacy Foundation after signing a remedy agreement regarding the tragic destruction of two ancient rock shelters at Juukan Gorge in the Pilbara region of Western Australia in 2020.

Key Points: 
  • The Puutu Kunti Kurrama and Pinikura (PKKP) Aboriginal Corporation and Rio Tinto have agreed to create the Juukan Gorge Legacy Foundation after signing a remedy agreement regarding the tragic destruction of two ancient rock shelters at Juukan Gorge in the Pilbara region of Western Australia in 2020.
  • Under the agreement, Rio Tinto will provide financial support to the foundation to progress major cultural and social projects including a new keeping place for storage of important cultural materials.
  • In addition to supporting the creation of the Juukan Gorge Legacy Foundation, remedy discussions have centred on agreeing a new approach to co-management of Country as well as the ongoing rehabilitation of the rock shelters and their surrounds at Juukan Gorge.
  • Rio Tinto Chief Executive Jakob Stausholm said, We fell far short of our values as a company and breached the trust placed in us by the PKKP people by allowing the destruction of the Juukan Gorge rock shelters.

Rio Tinto acknowledges Government’s response to Juukan Gorge report

Retrieved on: 
Thursday, November 24, 2022
Natural Resources, Other Natural Resources, Mining, Minerals, Tinto, Pilbara, Joint, PKKP, Kurrama people, Australian Federal Police, Rio Tinto, CSP, Partnership, Iron ore

Rio Tinto acknowledges the release of the Australian Federal Governments response to the Joint Standing Committee on Northern Australias report into the destruction of rock shelters in Juukan Gorge on the land of the Puutu Kunti Kurrama and Pinikura people (PKKP) in the Pilbara Region of Western Australia.

Key Points: 
  • Rio Tinto acknowledges the release of the Australian Federal Governments response to the Joint Standing Committee on Northern Australias report into the destruction of rock shelters in Juukan Gorge on the land of the Puutu Kunti Kurrama and Pinikura people (PKKP) in the Pilbara Region of Western Australia.
  • Rio Tinto Chief Executive Jakob Stausholm said, Since the tragic events of May 2020, we have been tirelessly focused on changing the way we engage and work in partnership with Indigenous communities, to protect and preserve cultural heritage.
  • We acknowledge todays announcement and will explore the governments response to the reports recommendations in detail, as we continue to strive to be the best partner we can be, and play an active role in ensuring heritage sites of exceptional significance are protected.
  • A comprehensive summary of the relevant actions taken by the business was outlined in Octobers Communities and Social Performance (CSP) Commitment Disclosure Report.

Rio Tinto delivers underlying EBITDA of $15.6 billion and an interim dividend of 267 US cents per share

Retrieved on: 
Wednesday, July 27, 2022
Mining, Minerals, Natural Resources, ERA, Acquisition, Environment, Wind, Ranger, Female, Inland Revenue Authority of Singapore, Kakadu National Park, TRQ, Fatigue, Rehabilitation, Board, Turquoise Hill Resources, PKKP, COVID-19, Safety, Heads of Agreement (1981), Oyu Tolgoi mine, Agreement, Movement, Native title in Australia, IFRS, Policy, Mining, Workplace, Rio Tinto, Hugo, Fatality, Interim, Kurrama people, Committee, ATO, Tax, Inland Revenue, International, Australian Taxation Office, 49, EBITDA, Renewable energy, Iron ore, William Ewart Gladstone, Indigenous peoples, Jabiluka

$15.6 billion underlying EBITDA1 was 26% below 2021 first half, with an underlying EBITDA margin1 of 50%.

Key Points: 
  • $15.6 billion underlying EBITDA1 was 26% below 2021 first half, with an underlying EBITDA margin1 of 50%.
  • $8.6 billion underlying earnings1 (underlying EPS1 of 532.7 US cents) were 29% below 2021 first half with a 25.2% effective tax rate on underlying earnings1, compared with 28.8% in 2021 first half.
  • Interim ordinary dividend of $4.3 billion, our second highest ever interim, equivalent to 267 US cents per share.
  • To achieve our ambition of becoming the best operator, we continue to rollout the Rio Tinto Safe Production System (RTSPS).

Rio Tinto announces record financial results and total dividend of 1,040 US cents per share for 2021, a 79% payout

Retrieved on: 
Wednesday, February 23, 2022
Finance, Banking, Natural Resources, Professional Services, Mining, Minerals, ESG, Carbon, Workplace, Wind, International, Rio Tinto, Investment, Social, Juukan Gorge, Plan, COVID-19, Oyu Tolgoi mine, Marine spatial planning, IFRS, Review, Lithium, PKKP, Government of Serbia, Native title in Australia, Leadership, Fatigue, Kennicott, Government, Kurrama people, Policy, Iron ore, Renewable energy, Inawongga, Country

It is presented here to give more clarity around the underlying business performance of the Groups operations.

Key Points: 
  • It is presented here to give more clarity around the underlying business performance of the Groups operations.
  • Our financial results are prepared in accordance with International Financial Reporting Standards (IFRS) - see page 35 for further information.
  • Safety continues to be our first priority: our managed operations were fatality-free for a third successive year.
  • At the end of 2021, the relationship between the Puutu Kunti Kurrama and Pinikura (PKKP) leadership and Rio Tinto Iron Ore is constructive and considered.

Rio Tinto Statement on Joint Standing Committee on Northern Australia Report

Retrieved on: 
Monday, October 18, 2021
Natural Resources, Manufacturing, Other Manufacturing, Other Natural Resources, Mining, Minerals, Leadership, Central Waqf Council, Native title in Australia, Rio Tinto, Committee, PKKP, CSP, Community, Indigenous Australians, Tinto, Learning, Review, Joint, Kurrama people, Indigenous peoples, Iron ore, Property management, Mining

Rio Tinto welcomes the final report of the Joint Standing Committee on Northern Australia following its inquiry into the destruction of rock shelters at Juukan Gorge on the land of the Puutu Kunti Kurrama and Pinikura people (PKKP) in the Pilbara region of Western Australia.

Key Points: 
  • Rio Tinto welcomes the final report of the Joint Standing Committee on Northern Australia following its inquiry into the destruction of rock shelters at Juukan Gorge on the land of the Puutu Kunti Kurrama and Pinikura people (PKKP) in the Pilbara region of Western Australia.
  • Rio Tinto is absolutely committed to listening, learning and showing greater care, and this remains a top priority.
  • Rio Tinto has also worked to address the recommendations made in the Committees interim report in December 2020 that werent addressed in the Boards recommendations.
  • In Australia, all frontline Rio Tinto staff are undertaking cultural awareness training, with face-to-face training or e-learning with Indigenous Australians.

Rio Tinto publishes first Communities and Social Performance report

Retrieved on: 
Wednesday, September 29, 2021
Natural Resources, Other Natural Resources, Mining, Minerals, Kurrama people, Native title in Australia, Review, PKKP, Indigenous Australians, First Nations, Central Waqf Council, Indigenous peoples, Feedback, Rio Tinto, Tinto, CSP, Leadership, Time, Tumor board review, Iron ore, Management, Public relations

Rio Tinto has published its first report on progress in improving Communities and Social Performance (CSP) practices, as the company works to rebuild trust and relationships with Traditional Owners following the destruction of the Juukan Gorge rock shelters in Western Australia.

Key Points: 
  • Rio Tinto has published its first report on progress in improving Communities and Social Performance (CSP) practices, as the company works to rebuild trust and relationships with Traditional Owners following the destruction of the Juukan Gorge rock shelters in Western Australia.
  • Rio Tinto Chief Executive Jakob Stausholm said We are working hard to rebuild trust and meaningful relationships with the Puutu Kunti Kurrama and Pinikura (PKKP) people and other Traditional Owners across Australia.
  • There are now more than 300 Communities and Social Performance professionals working on 60 sites in 35 countries, up from 250 professionals in 2020.
  • Rio Tinto will integrate further reporting into its full-year reporting suite, complemented by additional disclosures where appropriate.

Rio Tinto announces total dividend of 557 US cents per share for 2020, a 72% pay-out, from robust results during a challenging year

Retrieved on: 
Wednesday, February 17, 2021
Professional services, Natural Resources, Mining, Minerals, Finance, Kurrama people, Pilbara, Juukan Gorge, Dividends, Binigura, Special dividend, Hamersley Range, Australia

Strong safety performance in 2020, fatality-free for a second year in a row, with the all injury frequency rate improving to 0.37.

Key Points: 
  • Strong safety performance in 2020, fatality-free for a second year in a row, with the all injury frequency rate improving to 0.37.
  • We are working to restore trust with the Puutu Kunti Kurrama and Pinikura (PKKP) people following the Juukan Gorge events.
  • $15.9 billion net cash generated from operating activities was 6% higher than 2019 primarily driven by higher iron ore prices and stability in operating performance.
  • $9.0 billion full-year dividend, equivalent to 557 US cents per share and 72% of underlying earnings, includes $5.0 billion record final ordinary dividend (309 US cents per share) and $1.5 billion special dividend (93 US cents per share) declared today.

Joint statement from PKKP and Rio Tinto

Retrieved on: 
Thursday, December 24, 2020
Philanthropy, Chemicals, Plastics, Mining, Minerals, Environment, Manufacturing, Other Philanthropy, Natural Resources, Pilbara, Kurrama people, Juukan Gorge, Rio Tinto, Companies, Jakob Stausholm, States and territories of Australia, Stock market

PKKP in co-operation with Rio Tinto have been involved in remedial works at Juukan Gorge.

Key Points: 
  • PKKP in co-operation with Rio Tinto have been involved in remedial works at Juukan Gorge.
  • A joint session of the PKKP and Rio Tinto boards has been held to reaffirm Rio Tintos apology and commitment to rebuilding our relationship.
  • In addition, we will prepare a Heads of Agreement that will capture our commitments and outline how both Rio Tinto and PKKP will work together.
  • PKKP notes the appointment of new chief executive Jakob Stausholm and hopes that discussions between PKKP and Rio Tinto will continue in a positive direction.

Rio Tinto acknowledges interim report from Australian Parliamentary Committee

Retrieved on: 
Wednesday, December 9, 2020
Professional services, Natural Resources, Mining, Minerals, Finance, Juukan Gorge, Pilbara, Rio Tinto, Kurrama people, Companies, States and territories of Australia, Mining, Australian Aboriginal sacred site

Rio Tinto reiterates its apology to the Traditional Owners, the PKKP, and remains adamant that the destruction of the Juukan rockshelters should not have occurred.

Key Points: 
  • Rio Tinto reiterates its apology to the Traditional Owners, the PKKP, and remains adamant that the destruction of the Juukan rockshelters should not have occurred.
  • Rio Tinto has also introduced changes to ensure heritage sites of exceptional significance, like the Juukan Gorge rockshelters, are protected and preserved.
  • Where appropriate, decisions will be referred to the recently established Heritage Sub-Committee of the Rio Tinto Executive Committee and to the Board.
  • Rio Tinto welcomed the opportunity to participate in the Joint Standing Committees Inquiry and will review the Committees recommendations in coming days.