Rio Tinto profited from Ranger uranium mine, but its radioactive pollution “not Rio’s problem”

responsibilityRio Tinto dismisses Ranger rehab funding concerns as “hypothetical” Mining Australia, 8 May, 2014  Rio Tinto has stated that concerns about the funding for rehabilitation of the Northern Territory Ranger mine site are hypothetical, and remain the concerns of the ERA board of directors.

CEO Sam Walsh once again shrugged off suggestions that Rio Tinto, as 68 per cent shareholder in ERA, is responsible as the parent company for any of ERAs financial shortcomings in regard to rehabilitation and clean-up at the Ranger uranium mine…….David Sweeney of the Australian Conservation Federation, in his question to Sam Walsh and the Rio Tinto board of executives, suggested that because ERA reports to RioTinto’s energy division, it will be “closely watched and long judged on its actions regarding ERA”……..

“I thought his response was very partial and legalistic,” Sweeney said.

“Clearly Energy Resources Australia is a separate legal entity to Rio Tinto, but Rio provides the mining instructions, they provide the management, the CEO of ERA is appointed by Rio and is always a Rio person, Rio’s energy division manages ERA.

“It is absolutely a Rio Tinto subsidiary, it is a Rio Tinto child, and it concerns us greatly now that, when it’s coming to the pointy end of what will be a costly and complex rehabilitation exercise, ERA is saying they don’t have the funding capacity and Rio Tinto is saying they don’t have the responsibility.

“Just this week, Rio bailed ERA out of a problem caused by the suspension of mineral processing, by saying that they will pool Australian and Namibian uranium through the Rio Tinto marketing authority.”……http://www.miningaustralia.com.au/news/breaking-rio-tinto-dismisses-ranger-rehab-funding

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