Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Commodities  >  LME Zinc Cash       

LME ZINC CASH
Mes dernières consult.
Most popular
SummaryChartsNews 
News SummaryAll newsTweets

Rio Tinto Urged to Disclose Relationship With Lobby Groups

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/02/2018 | 03:32pm CEST

By Oliver Griffin

Activist investor the Australasian Centre for Corporate Responsibility, or ACCR, is calling on Rio Tinto PLC to disclose its relationships with industry bodies and lobby groups.

The ACCR said Friday that it wants a review of Rio Tinto's workings with these organizations, including with the Minerals Council of Australia, which the activist investor accuses of blocking progress on climate and energy frameworks.

Together with Australia-based Local Government Super, the Church of England Pensions Board, and The Seventh Swedish National Pension Fund, the ACCR said it wants Rio Tinto to table a resolution at its U.K. annual general meeting on April 11, and meeting in Australia on May 2.

The resolution calls on Rio Tinto's board to disclose industry memberships and membership fees paid since 2012 and to evaluate whether industry association advocacy positions are consistent with its policy and financial interests.

The resolution, which also calls on Rio Tinto to disclose to shareholders the triggers for leaving these associations, follows threats made by BHP Billiton Ltd. last year to sever relations with the World Coal Association and U.S. Chamber of Commerce over disagreements on climate policy.

ACCR Executive Director Brynn O'Brien said the filing of the resolution shows that "the drumbeat of opposition to coal lobbyists like the Minerals Council of Australia is only growing louder."

Rio Tinto wasn't immediately available for comment.

Local Government Super, the Church of England Pensions Board, and The Seventh Swedish National Pension Fund have 84 billion Australian dollars ($65 billion) funds under management between them.

Write to Oliver Griffin at [email protected]

Stocks mentioned in the article : Rio Tinto, BHP Billiton Limited
Stocks mentioned in the article
ChangeLast1st jan.
BHP BILLITON LIMITED 0.49% 32.76 End-of-day quote.10.25%
LME COPPER CASH -0.01% 6819 End-of-day quote.-5.04%
PLATINUM -0.60% 864.17 Delayed Quote.-6.63%
PLUMB CASH (EUR/100 KG) LONDON -0.37% 240.225 Real-time Quote.-3.35%
RIO TINTO 0.56% 4147.5 Delayed Quote.4.55%
RIO TINTO LIMITED 0.42% 83.1 End-of-day quote.9.15%
SILVER -0.47% 16.23 Delayed Quote.-3.58%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LME ZINC CASH
06/12Rio Tinto Appoints Jakob Stausholm as CFO
DJ
06/07Rio Tinto to Establish JV With Minmetals for China Mineral Exploration
DJ
05/22Rio Tinto Warns Mongolia to Honor Agreements -FT
DJ
05/18Rio Tinto Approved to Run Autonomous Trains at Pilbara
DJ
05/03COMMODITY COMMENT : Glencore's Zinc Production Drop Mars Robust Copper Figures
DJ
05/03Glencore 1Q Output Was Largely in Line With Views; Guidance Unchanged
DJ
05/02More Legal Ire for Rio in Australia -- WSJ
DJ
05/01Australia Broadens Legal Action Against Mining Titan Rio Tinto
DJ
05/01Australia Widens Lawsuit Against Rio Tinto, Former Executives Over Mozambique..
DJ
04/18Rio Tinto Driverless Trains Advance, Projects on Track -- Commodity Comment
DJ
More news
Chart LME ZINC CASH
Duration : Period :
LME Zinc Cash Technical Analysis Chart | 4-Traders
Technical analysis trends LME ZINC CASH
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral