Rio Tinto’s biggest investor has opened talks with the Australian government about resolving limits on its shareholding, but Rio chief executive Jean-Sebastien Jacques says those limits are not preventing the miner from conducting share buybacks.
The comments came as Rio revealed that Western Australia’s tight labour market was one of the reasons its iron ore division underperformed in early 2019, with trucks left idling at one mine because Rio could not get staff to fill them.
Loading...
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
