A British-Australian energy giant has chosen to erase Taiwan from its financial statements, deciding instead to list all revenue from the autonomous region as from “Greater China.” Taiwan has been a self-governing democracy since the Chinese civil war ended in 1949. However, the Chinese Communist Party (CCP) regards Taiwan as a breakaway province that must…
Energy Giant Moves Quietly to Erase Taiwan
February 27, 2023
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Solar Ambition ‘Not That Easy’: Mining Giant CEO
Rio Tinto’s criticism of Australia’s solar power ambition could be answered by using old and new systems to go green. The mining giant’s CEO Jakob Stausholm told business heavyweights at the World Economic Forum summit in Davos “we’re fooling ourselves” on the timeline to switch to clean energy. Using huge solar farms to run Queensland’s…
Energy Giant Not Receiving $450 Million in Compensation for Price Controls: Australian PM
Rio Tinto will get “nothing like” $450 million (US$303 million) in compensation to offset the impact of a coal price cap on its Gladstone Power Station in Queensland, the prime minister says. The federal government is negotiating coal price caps of $125 a tonne with Queensland and New South Wales, in a bid to put…
Australian Taxpayers to Fund $450 Million Compensation Bill to Queensland Power Plant
Australian taxpayers will be footing a bill of up to $450 million (US$300 million) to compensate for the potential losses incurred by a power station due to the Labor government’s energy price relief policy. Mining giant Rio Tinto, the major shareholder of the Gladstone Power Station, will receive the lump sum to offset the impact…
Beijing Creates New State-Owned Iron Ore Giant to Weaken Australian Miners
July 21, 2022
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In a bid to gain control over iron ore prices, Beijing has created a new state-owned mineral giant that will be responsible for exploration and mass bulk buying of the commodity. The move will be aimed at giving China greater bargaining power over major iron ore producers like Australia’s BHP and Rio Tinto, who will…
No Plans for Investigation Into Rio Tinto Appointment of Ex-China Ambassador: Ethics Commissioner
Federal Ethics Commissioner Mario Dion’s office says it is not planning to investigate the appointment of former ambassador to China Dominic Barton as the incoming chair of mining giant Rio Tinto, after two NDP MPs had asked the commissioner to look into the matter. “I can confirm Commissioner Dion is not launching an examination into Dominic…
MPs Seek Probe Into Former China Ambassador’s Rio Tinto Appointment
Canada’s former ambassador to China recently accepted a top appointment with a mining giant which does over half of its sales in China. Now, two MPs are asking the Ethics Commissioner to probe the issue to determine if any conflict of interest rules were broken. NDP MPs Heather McPherson and Matthew Green wrote a letter…
Canadian MPs Seek Probe Into Former China Ambassador’s Rio Tinto Appointment
Canada’s former ambassador to China recently accepted a top appointment with a mining giant which does over half of its sales in China. Now, two MPs are asking the Ethics Commissioner to probe the issue to determine if any conflict of interest rules were broken. NDP MPs Heather McPherson and Matthew Green wrote a letter…
Departing Canadian Ambassador to China Named Chairman at Rio Tinto
Canada’s outgoing ambassador to China will take up a post as chairman to Australian multinational mining corporation Rio Tinto, the company announced on Dec. 19. Dominic Barton will succeed Simon Thompson as Rio Tinto’s chairman in 2022. He will first join Rio Tinto’s board on April 4 and be appointed to the role of chair…
US House Committee Moves to Block Rio Tinto’s Resolution Mine
September 11, 2021
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A U.S. House of Representatives committee has voted to include language in a wider budget reconciliation package that would block Rio Tinto Ltd from building its Resolution copper mine in Arizona. The San Carlos Apache tribe and other Native Americans say the mine would destroy sacred land where they hold religious ceremonies. Elected officials in…
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