CAPITAL MARKETS

Rio lower ahead of Juukan Gorge finding

Futures mixed

Staff reporter

This article is 4 years old. Images might not display.

Futures were pointing to an upbeat start in the US but lower elsewhere.

In the UK, which started rolling out the Pfizer/BioNTech COVID-19 vaccine this week, authorities are now advising people with a significant history of allergic reactions to avoid the vaccination after two people responded "adversely" yesterday, but were recovering well.

The gold price sank below US$1,830 an ounce earlier but was around $1,839/oz at the time of writing.

Rio Tinto closed 1.38% lower in London ahead of today's release of an interim report by an Australian parliamentary committee into the miner's destruction of significant rockshelters at Juukan Gorge in the Pilbara.

Rio has repeated its apology and chairman Simon Thompson said Rio was committed to learning from the event to ensure the destruction of heritage sites of such exceptional archaeological and cultural significance "never occurs again".

Fellow London-listed miners Fresnillo and Anglo American also closed lower yesterday, by 1.8% and 1.4% respectively.

The metals and mining sector closed down in Toronto, where Barrick Gold lost 2.3%.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.