Wednesday, 7 February, 2018 - 15:05
Rio Tinto's annual profit soars to $US8.8bn
Rio Tinto's full-year net profit has soared 90 per cent to $US8.76 billion ($A11.1 billion), helped by stronger iron ore and coal prices in 2017.
Jean-Sébastien Jacques was appointed Rio Tinto deputy chief executive in March 2016 and succeeded Sam Walsh as Rio Tinto chief executive on 2 July 2016. Mr Jacques joined Rio Tinto in October 2011 as the president, International Operations Copper group, where he led a senior team and effectively managed interests in the Palabora Mining Company in South Africa, Northparkes Mines in Australia, Kennecott Eagle Minerals in Michigan, Pebble Mine in Alaska and Sulawesi in Indonesia.
Mr Jacques will be stepping down from his role as an executive director and chief executive of Rio Tinto following a board review and shareholder pressure over the company's destruction of the Juukan Gorge rock shelter, a sacred site dating back 46,000 years. He will relinquish the roles in January 2021 and leave the group at the end of March 2021.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
876th | Vault Minerals">Vault Minerals | -0.01% | 4.56% |
877th | Peel Mining">Peel Mining | -0.02% | -15.8% |
878th | Rio Tinto">Rio Tinto | -0.03% | 12.12% |
879th | Aussie Broadband">Aussie Broadband | -0.28% | 0% |
880th | DUG Technology">DUG Technology | -0.59% | 0% |
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Rio Tinto's full-year net profit has soared 90 per cent to $US8.76 billion ($A11.1 billion), helped by stronger iron ore and coal prices in 2017.
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Rio Tinto conceded today it failed on multiple occasions to review the planned destruction of the Juukan Gorge caves in light of material new information on their significance.
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Mining giant BHP has conceded the entire industry needs to put significant work into rebuilding trust with Aboriginal land owners.
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Position | Company | Year | Company's current rank |
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Chief Executive
|
2016 - 2021 | ||
Deputy Chief Executive
|
2016 - 2016 | ||
Non-Executive Director
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2012 - 2013 |