MELBOURNE: Rio Tinto said yesterday it will cut the short-term bonuses of some senior executives but stopped short of leadership overhaul following review of the company’s destruction of two ancient caves in Australia.
Chief executive Jean-Sébastien Jacques and two other leaders will take financial penalties after the world’s biggest iron ore miner legally destroyed two historically significant sacred caves in Western Australia state – against the wishes of Aboriginal traditional owners – as part of a mine expansion.