Rio Tinto’s reputation clean-up faces a $1b uranium test
The miner did well out of uranium in Kakadu for years – now it is paying for it. The prospect of writing a cheque to fund rehabilitation is raising questions.
Rio Tinto’s reputation clean-up faces a $1 billion test.
The big miner, 4½ years after blowing up ancient rock shelters at Juukan Gorge, is headed for a stoush about one of the richest known and unmined uranium deposits in the world, at a time when uranium prices have rocketed and even Australia’s politicians are talking about a nuclear future.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
