Rio Tinto has been removed from Norway’s $1 trillion wealth fund’s “blacklist” after selling its stake in the controversial Grasberg copper mine in Indonesia

Posted by on June 27, 2019 8:59 pm
Categories: Battery Metals Copper

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As reported by Bloomberg: “Norway’s $1 trillion wealth fund has removed Rio Tinto Group from its investing blacklist after the world’s second-biggest miner sold out of the controversial Grasberg mine in Indonesia. Norway has refused to buy Rio Tinto stock for more than a decade because of the environmental damage caused by one of the world’s biggest copper and gold projects. Today, after a recommendation from its Council on Ethics, the fund said it had revoked that exclusion…”

To continue reading, click here to read Bloomberg’s full article.





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