none

RIO TINTO ROLLERCOASTER TILTS UP

31-08-2017
by 
in 

It's been a busy month for the international mining company: after starting off strong with a 90% profit increase, its director was hit with serious fraud charges.

Then, projections floated that their future in Australia's diamond market was looking uncertain, as their Argyle facility in WA nears the end of its lifespan. 

Now, the company is bringing things back around to a more positive outlook with a double-barrel: a new mining site is officially open for business, and the company has unveiled comprehensive a domestic violence protection plan for its employees. 

The new mine is their long-developed Silvergrass location in Western Australia, an almost-half-a-billion-dollar project to open up a new iron ore mine and.

This represents, in the words of chief executive Jean-Sebastien Jacques, "a further demonstration of our long-standing commitment to the Pilbara region in Western Australia."

"Silvergrass is a great example of our value-over-volume approach in action as the mine will deliver the high-quality, low-cost ore used to maintain the world-class premium Pilbara Blend product our customers love so much," Jacques said.

Workers at the new plant will be part of the 19,000 workers who are covered under Rio's new domestic violence plan, which is the first to be implemented of any mining company in Australia. 

“At a critical time when victims need to feel safe and be supported, this leave will give Rio Tinto employees the flexibility and time to attend court and doctors’ appointments as well as see their lawyers,” Prevention of Family and Domestic Violence Minister Simone McGurk of WA state government said.

Benefits include emergency accommodation, short-term financial assistance, and up to 10 days of extra leave to seek legal assistance, appear in court, attend counselling, or relocate.

Executives and shareholders are no doubt hoping that these two moves will end the month on a positive note, and keep the rollercoaster of news coverage from plummeting downwards once more. 

 

Related news & editorials

  1. When PMFV is applied through two stage technology models it can provide up to 50% increased efficiency over conventional compressor types.
    24.02.2021
    24.02.2021
    by      In , In
    The restrictions that COVID-19 placed on us from 2020,  is a wake up call on export and import reliance for many industries. 
    We can continue as we were and hope for a slow progress to recovery or learn some important lessons in adaptability to the current and future business environment with... Read More
  2. Scott Philbrook, ANZ Managing Director, RS Components
    24.02.2021
    24.02.2021
    by      In , In , In
    Covid-19 seriously disrupted supply chains throughout industry worldwide. Scott Philbrook, Managing Director RS Components Australia, explains today’s necessity for supply chain resilience and continuity.
    The Institute of Supply Management reported that in March, at the start of the pandemic, 75%... Read More
  3. Applications are now open for the Federal Government’s $1.3 billion Modern Manufacturing Initiative.
    23.02.2021
    23.02.2021
    by      In , In
    Applications are now open for the Federal Government’s $1.3 billion Modern Manufacturing Initiative.
    The program aims to boost manufacturing and grow jobs, with businesses in the burgeoning space sector the first to be eligible to apply for grants, to help them commercialise ideas or processes, or... Read More
  4. Holloway Group Managing Director Matt Holloway sees 2021 as the perfect time to embrace the opportunities and benefits presented by manufacturing in Australia.
    23.02.2021
    23.02.2021
    by      In , In
    As the economy recovers from an unprecedented 2020, there is a renewed focus from government and industry to bolster the local manufacturing sector through both innovation and onshoring production.
    At its height, Australian manufacturing accounted for roughly 25 per cent of Australia’s Gross... Read More
Products
Suppliers