Rio Tinto shareholders reject executives’ pay in ancient caves blast backlash ...Qatar

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Rio Tinto shareholders reject executives’ pay in ancient caves blast backlash
A majority of Rio Tinto’s shareholders rejected the global miner’s executive pay packages yesterday, in a backlash over its destruction last year of ancient rock shelters in Western Australia. Rio Tinto blasted 46,000-year-old rock shelters at Juukan Gorge last May to expand an iron ore mine, sparking condemnation from investors, politicians, its own staff and the wider community. Following the company’s Australian annual meeting, Rio Tinto said more than 60% of votes cast by investors in the Anglo-Australian dual-listed company were against its remuneration report. Although shareholders rejected the proposed payouts, the vote was advisory only, and will not impact the $55mn earmarked in sa

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