Rio Tinto’s Water Woes: Investors Demand Answers

Global mining giant Rio Tinto facing pressure over water practices

Global mining giant Rio Tinto is facing new pressure from socially conscious investors and lenders over its water practices at two mines. The Local Authority Pension Fund Forum (LAPFF), representing UK pension funds, has raised concerns about the company’s water management at its Oyu Tolgoi mine in Mongolia and an ilmenite mine in Madagascar. These concerns add to Rio Tinto’s existing reputation risk following the destruction of an ancient Indigenous site in Australia last year.