Rio Tinto declares force majeure at violence-hit SA operation

Rio Tinto declared force majeure at its Richards Bay Minerals operation in SA, after the murder of a senior manager and continuing violence in surrounding communities disrupted business.

Australia’s Rio said the decision was prompted by violent disruptions that were endangering lives at the mineral sands operation that generates titanium...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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Business Maverick: State failure: Rio declares force majeure at RBM in face of violenceGlobal mining giant Rio Tinto has declared force majeure on customer contracts at Richards Bay Minerals and pulled the plug on the biggest contributor to the KwaZulu-Natal economy. This is in response to the volatile security situation in the wake of the assassination of general manager Nico Swart in May. This is the cost of state failure.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: State failure: Rio declares force majeure at RBM in face of violenceGlobal mining giant Rio Tinto has declared force majeure on customer contracts at Richards Bay Minerals and pulled the plug on the biggest contributor to the KwaZulu-Natal economy. This is in response to the volatile security situation in the wake of the assassination of general manager Nico Swart in May. This is the cost of state failure.
Source: dailymaverick - 🏆 3. / 84 Read more »

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