Kalkine Media
Published Nov 29, 2022 01:07
Why is Rio Tinto (ASX:RIO) making headlines today?
Anglo-Australian multinational metals and mining firm Rio Tinto (ASX:RIO) announced today (28 November 2022) that it has collaborated with the Puutu Kunti Kurrama and Pinikura (PKKP) Aboriginal Corporation and created a Juukan Gorge Legacy Foundation.
As per the ASX release, both parties have signed this remedy after the catastrophic devastation of two ancient rock shelters at Juukan Gorge in the Pilbara region of Western Australia in 2020.
Meanwhile, the shares of Rio were spotted trading 2.153% lower at AU$103.375 apiece at 1:03 PM AEDT on the ASX on Monday.
Key takeaways from the deal between Rio and PKKP
The share price performance of Rio Tinto on the ASX: Rio shares have shed 1.95% in the last five trading days on the ASX. The shares, however, gained 16.68% in the last month on the ASX. In the previous six months on the ASX, Rio shares have lost 9.21%, while in the last year, Rio gained 8.31% on the ASX. On a year-to-date basis, the shares have gained 3.64% on the ASX. In the previous five years on the ASX, Rio has moved up by 45.17% on the ASX (as of 1:27 PM AEDT, 28 November 2022).
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Written By: Kalkine Media
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