May 12, 2022

Rio Tinto supports Russian and Ukrainian workers | The Transcontinental

Rio Tinto continues to unravel its business relationship with Russia, including the disputed decision to take control of the Queensland refinery it owns with aluminum giant Rusal.

In first-quarter production results released Wednesday, Rio Tinto chief executive Jakob Stausholm said the company was providing support for workers of Ukrainian and Russian descent and had committed $5 million ($6.8 million). Australian dollars) to humanitarian agencies.

“We are in the process of terminating commercial relations with Russian companies,” Rio Tinto said.

Anglo-Australian miner Rio Tinto has taken over 100% production and management of Queensland Alumina Limited (QAL), a decision contested by 20% owner Rusal.

“Our goal remains to ensure the safe and continued operation of QAL, as a significant employer and contributor to the local economies of Gladstone and Queensland,” Rio Tinto reiterated.

Rusal said he “did not agree” with Rio Tinto’s arrangements and was in talks to resolve the issue.

Earlier this month, Rusal chairman Bernard Zonneveld called for an investigation into the events in Bucha, on the outskirts of Ukraine’s capital, kyiv, where a Russian brigade has been accused of war crimes.

Oligarch Oleg Deripaska, founder of Rusal, was omitted from the initial list of those sanctioned by Australia, but was later added.

Australian Associated Press