Tag: rio tinto
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Rio Tinto destroys important 46,000 year old Indigenous site
The Juukan rock cave site in Western Australia’s Pilbara region was among the oldest in Australia and held material evidence of continuous human habitation stretching back 46,000 years. In a 2014 report, Archaeologist Dr Michael Slack identified at least one of the Juukan caves contained “a cultural sequence spanning over 40,000 years, with a high frequency…
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Rio Tinto hit with $447 million tax bill
Mining giant Rio Tinto has been hit with a $447 million tax bill by the Australian Tax Office (ATO). The London based company released a statement last night which revealed that they had been hit with the massive expense. “The Australian Commissioner of Taxation has issued amended income tax assessments to Rio Tinto for the…
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Iron ore price drops to lowest point in 2017
The price of iron ore has seen a massive drop after Chinese demand for steel continues to fall. The price dropped by 4.3% to $87.59 US a tonne overnight, the biggest percentage drop in 2017 so far . This recent fall extends the losses from earlier in the week to over 7%. This also the…