The world’s leading iron ore delivered the biggest dividend in its history yesterday – $7.18 a share – following a rise in iron ore prices since last year.

But new chief executive Jakob Stausholm, giving the company’s full-year result, said restoring public trust was vital after Rio Tinto’s decision to blast sites at Juukan Gorge, in the Pilbara, last May.
Photo of the Juukan Gorge, some 60 kilometres north-west of Mount Tom Price in Western Australia
The ancient Juukan Gorge was destroyed by Rio Tinto, devastating indigenous communities. (PPKP)

Mr Stausholm said he recently travelled to the Pilbara to meet local indigenous people, who remain shocked by the destruction.

He said he used the visit to “express my deep regret about the damage we caused”.

And the destruction of the rock shelters was a “dark day” for Rio Tinto.

CEO Jakob Stausholm is working to build public trust after an ancient indigenous site was destroyed by Rio Tinto. (Nine)

The company’s biggest customers for its iron ore are Chinese steel mills.

They combine the mineral with coal and in blast furnaces heated at more than 1000C to make liquid steel.

Mr Stausholm also said the mining giant would aim to reduce its massive carbon footprint across its global operations.

Part of Rio Tinto’s plans to reduce emissions will be to partner with steel producers to develop technologies that can slash their carbon footprint by 30 per cent from 2030.

This content first appear on 9news

Leave a Reply

Your email address will not be published. Required fields are marked *