Rio Tinto cuts CEO, executives' bonuses after caves blast review

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Rio Tinto said on Monday it will cut the short-term bonuses of its chief executive Jean-Sébastien Jacques and two other senior executives following a review of the company's destruction of two ancient caves in Australia.

FILE PHOTO: The Rio Tinto logo is displayed on a visitor's helmet at a borates mine in Boron, California, U.S., November 15, 2019. REUTERS/Patrick T. Fallon

The world’s biggest iron ore miner stopped short of firing any of its leadership for the legal destruction of two historically significant sacred caves in Western Australia state in May - against the wishes of Aboriginal Traditional Owners - which sat on top of a high grade ore body it planned to mine.

“The review found no single root cause or error that directly resulted in the destruction of the rockshelters. It was the result of a series of decisions, actions and omissions over an extended period of time,” the company said. Jacques’ 2016 long-term incentive plan award, due in the first half of next year, would also be reduced by about 1 million pounds . He was paid 5.8 million pounds last year.

 

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As the excellent Mining cooperation in the world, Tio Tinto should be more careful on its security on all aspects. U know, high profit often make meet ends to its danger which have the relationship with its reputation. Just focus on that’

CH may stop buyimg rio tinto earth resouces to put pressure on the aussie navy in south china sea. Aussie is crying out loud on CH anti dumping laws on its wine industry. It threatens CH for being such cruety at the wto court.

That's outrageous! How are they going to live!

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