The entire world was shocked in May this year when Rio Tinto detonated significant Aboriginal cultural heritage sites at Juukan Gorge in the Pilbara Region of Western Australia in order to expand its iron ore mine. This incident illuminated the long-term risks to shareholders posed by the current state of Australia's state and federal legal regimes which have failed to protect cultural heritage from destruction in the name of short-sighted pursuit of mining profits by company management.
Since May, ACCR has worked with First Nations experts to engage with key mining companies and the global investment sector about the need to ensure shareholders can take appropriate action to prevent further destruction. In addition to Rio Tinto (whose AGM is not until May next year), two other companies are prominent in the sector — BHP and Fortescue Metals Group (FMG) — and communities are very concerned about plans that may impact other significant sites.
There is no cost associated with registering as a supporting shareholder with ACCR. If you have questions about this program, see our frequently asked questions resource, or please contact us if you have further questions.
Thanks as always for your support,
Executive Director, Australasian Centre for Corporate Responsibility