Ground Breakers: Rio Tinto goes nuclear in dispute with uranium subsidiary

Rio Tinto calls for ERA chairman’s head over uranium rehab funding dispute

Relationship between Rio and uranium subsidiary turned toxic a week ago over an independent expert’s report posted by ERA

Rio Tinto (ASX:RIO) has faced, dealt with and, equally, mishandled a number of ESG challenges in its long history.

Few are stranger and more fraught than its uranium subsidiary Energy Resources of Australia (ASX:ERA) , best described as a money pit.Until early this year ERA was still selling small quantities of uranium from its Ranger mine in the Northern Territory.But its location and history are sensitive, and the local traditional owners, the Mirarr people, as well as the Federal Government, want it shut down and rehabilitated to the same standard as the surrounding Kakadu National Park.The issue is the bill for the clean up keeps going up, currently around $1.6-2.2b and possibly rising, and another entitlement offer is needed […]

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