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In a strange twist, Rio’s reputational damage could enhance its profit – Sydney Morning Herald

The recommendations made by the parliamentary committee looking into Rio Tinto’s destruction of 46,000-year-old sacred sites could stoke further rises in the iron…



And even a small increase in the price of iron ore is big and bankable for all the major iron ore producers including Rio.
UK bank Barclays provided a note to clients that captured the potential for unintended consequences flowing from the parliamentary committees recommendations.
“While we do not know the number of existing Section 18 approvals that sit within Rios mine plans for the next two-three years which are at risk of losing consent of traditional owners, we believe it is highly likely that…

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