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. 16.08.2019
    16.08.2019
    by      In
    South Australian defence industry SMEs have won more than $8 million in funding from the Defence Innovation Hub to provide the Australian Defence Force with a capability edge.
    Federal Minister for Defence Industry Melissa Price says that this round of investments includes initial concept... Read More
  2. 16.08.2019
    16.08.2019
    by      In
    A new plasma coating for bone implants has been developed to help improve outcomes for patients by increasing the likelihood of an implant fusing to surrounding bone, and by reducing the chances of complications such as infection or rejection.
    An international research team, led by the University... Read More
  3. 16.08.2019
    16.08.2019
    by      In
    Communications company Motorola Solutions has appointed Con Balaskas as its new Managing Director for Australia and New Zealand. He has held multiple senior positions in a distinguished 20-year career with Motorola, and has played a pivotal role in the growth and expansion of the company’s managed... Read More
  4. 15.08.2019
    15.08.2019
    by      In
    Birdon America Inc, the US subsidiary of Port Macquarie maritime engineering and services company the Birdon Group, has been awarded two new contracts worth up to $575m, confirming its position as one of Australia’s foremost exporters to the US Departments of Defense and Homeland Security.
    One... Read More