STOCK TITAN

PKKP and Rio Tinto to create Juukan Gorge Legacy Foundation

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Rio Tinto has partnered with the Puutu Kunti Kurrama and Pinikura Aboriginal Corporation to establish the Juukan Gorge Legacy Foundation. This initiative follows a remedy agreement concerning the 2020 destruction of ancient rock shelters at Juukan Gorge, aiming to support the cultural, social, educational, and economic aspirations of the PKKP people. Rio Tinto will provide financial backing for various cultural projects, including a storage facility for important cultural materials. The agreement emphasizes the company's commitment to rebuilding trust with the PKKP community.

Positive
  • Creation of the Juukan Gorge Legacy Foundation to support PKKP community aspirations.
  • Financial backing from Rio Tinto for major cultural and social projects.
  • Commitment to co-managing the landscape and rehabilitation efforts at Juukan Gorge.
Negative
  • None.

MELBOURNE, Australia--(BUSINESS WIRE)-- The Puutu Kunti Kurrama and Pinikura (PKKP) Aboriginal Corporation and Rio Tinto have agreed to create the Juukan Gorge Legacy Foundation after signing a remedy agreement regarding the tragic destruction of two ancient rock shelters at Juukan Gorge in the Pilbara region of Western Australia in 2020.

In accordance with the right to self-determination, the agreement reflects the desire of the Traditional Owners to create a foundation that supports the cultural, social, educational and economic aspirations of the group. The foundation, to be led and controlled by Traditional Owners, will also enable the delivery of broader benefits through commercial partnership opportunities.

Under the agreement, Rio Tinto will provide financial support to the foundation to progress major cultural and social projects including a new keeping place for storage of important cultural materials.

The agreement forms part of Rio Tinto’s commitment to remedying and rebuilding its relationship with the PKKP people. In addition to supporting the creation of the Juukan Gorge Legacy Foundation, remedy discussions have centred on agreeing a new approach to co-management of Country as well as the ongoing rehabilitation of the rock shelters and their surrounds at Juukan Gorge.

Rio Tinto Chief Executive Jakob Stausholm said, “We fell far short of our values as a company and breached the trust placed in us by the PKKP people by allowing the destruction of the Juukan Gorge rock shelters. As we work hard to rebuild our relationship, I would like to thank the PKKP people, their elders, and the Corporation for their guidance and leadership in forming this important agreement.”

At the request of the PKKP Aboriginal Corporation, the financial terms of the agreement will not be disclosed.

This announcement is authorised for release to the market by Steve Allen, Rio Tinto’s Group Company Secretary.

Please direct all enquiries to media.enquiries@riotinto.com

Media Relations, UK

Matthew Klar

M+ 44 7796 630 637

David Outhwaite

M +44 7787 597 493

Media Relations, Americas

Simon Letendre

M +514 796 4973

Malika Cherry

M +1 418 592 7293

Media Relations, Australia

Matt Chambers

M +61 433 525 739

Jesse Riseborough

M +61 436 653 412

Investor Relations, UK

Menno Sanderse

M: +44 7825 195 178

David Ovington

M +44 7920 010 978

Clare Peever

M +44 7788 967 877

Investor Relations, Australia

Tom Gallop

M +61 439 353 948

Amar Jambaa


M +61 472 865 948

Rio Tinto plc

6 St James’s Square

London SW1Y 4AD

United Kingdom

T +44 20 7781 2000

Registered in England

No. 719885

Rio Tinto Limited

Level 43, 120 Collins Street

Melbourne 3000

Australia

T +61 3 9283 3333

Registered in Australia

ABN 96 004 458 404

riotinto.com

Category: General

Source: Rio Tinto

FAQ

What is the Juukan Gorge Legacy Foundation?

The Juukan Gorge Legacy Foundation is established by Rio Tinto and the PKKP Aboriginal Corporation to support the cultural, social, educational, and economic aspirations of the PKKP people.

What financial support will Rio Tinto provide under the agreement?

Rio Tinto will provide financial support for various cultural projects, including a new storage facility for important cultural materials.

How does Rio Tinto plan to rebuild its relationship with the PKKP people?

Rio Tinto intends to rebuild trust with the PKKP people through commitments to co-management of the land and ongoing rehabilitation of the impacted rock shelters.

What led to the creation of the Juukan Gorge Legacy Foundation?

The foundation was created following a remedy agreement addressing the destruction of two ancient rock shelters at Juukan Gorge in 2020.

Is the financial agreement between Rio Tinto and the PKKP Aboriginal Corporation publicly disclosed?

The financial terms of the agreement have not been disclosed at the request of the PKKP Aboriginal Corporation.

Rio Tinto plc

NYSE:RIO

RIO Rankings

RIO Latest News

RIO Stock Data

106.66B
1.25B
0%
11.45%
0.35%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
London