Rio Tinto Board Has No Bias on Where It Should Be Located, Chairman Says -- Market Talk

Dow Jones
04-03

1134 GMT - Rio Tinto's board has "zero bias" in where it should be based, Chairman Dominic Barton tells a London shareholder meeting, as he defends an internal review of the miner's dual-listed structure. "I can assure you that this board would be very happy to live in Greenland if that meant that we could get a better share price," Barton says. Shareholders will vote on a resolution requisitioned by activist investor Palliser Capital, which has requested an independent review into unification of Rio Tinto in Australia. Rio Tinto's equity holders in Australia will get their say on May 1 at which point the vote outcome will become known. Rio Tinto has urged shareholders to vote against the resolution. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

April 03, 2025 07:34 ET (11:34 GMT)

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