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Rio bosses asked staff to ‘limit’ emailing news of cost blowout

Internal documents provided to a New York court suggest the company pushed discussions about the troubled Oyu Tolgoi project onto encrypted messaging platforms.

Peter Ker

A Rio Tinto executive asked a direct report to limit the flow of information about the troubled expansion of a copper project at a time when the miner was being accused of withholding details from investors about a multibillion-dollar cost blowout and long delays with the development.

The request for less information by Rio’s former global head of major projects, David Joyce, was sent by text message to a subordinate in 2019 and has emerged as evidence in a lawsuit brought by investors, who allege they lost money because the company was slow in disclosing the issues.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/rio-executives-asked-staff-to-limit-emailing-news-of-cost-blowout-20250107-p5l2j7