Rio Tinto said on Friday it had lifted 'force majeure' declared on customer contracts at its Richards Bay Minerals (RBM) project in South Africa that had been hit by violent community unrest last year.
The Rio Tinto mining company's logo is photographed at their annual general meeting in Sydney, Australia, May 4, 2017. REUTERS/Jason Reedsaid on Friday it had lifted "force majeure" declared on customer contracts at its Richards Bay Minerals project in South Africa that had been hit by violent community unrest last year.
The company had declared a force majeure on customer contracts at the project in June 2021, due to what it says was an "escalation in the security situation", a month after the project's general manager was killed on his way to work. Rio Tinto had also halted mining and smelting operations at the mineral sands project, before restarting them a couple of months later."This marks an important moment in RBM's recovery since the halt in operations last year," said Sinead Kaufman, Rio's chief executive of minerals.
A force majeure is triggered when a company cannot meet its contract obligations due to unforeseen circumstances. The Richards Bay mineral sands project comprises mining, refining and smelting of heavy minerals or ore deposits which are primarily used in industrial applications.Reporting by Harish Sridharan in Bengaluru; Editing by Maju SamuelSubscribe to our sustainability newsletter to make sense of the latest ESG trends affecting companies and governments.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
EXCLUSIVE VIDEO: Texas National Guard to Begin 'Turn Back' Program at Rio Grande, Says GovernorGovernor Greg Abbott announced that the Texas National Guard would begin operations to turn back migrants attempting to cross the Rio Grande.
続きを読む »
South Africa’s president blames NATO for Russia’s invasion of Ukraine: 'war could have been avoided'South African President Cyril Ramaphosa on Thursday blamed NATO for provoking Russia into invading its neighbor Ukraine.
続きを読む »
Young Thug & Gunna Bring Out Their Biggest Hits For Billboard SXSW ShowcaseHere are the highlights from Young Thug and Gunna's show at THE STAGE at SXSW, presented by Billboard.
続きを読む »
Police release body camera video of deadly shooting in south SeattleOn Friday, Seattle police released bodycam video of a deadly shooting following a pot shop robbery in Bellevue and chase that ended in south Seattle on Wednesday.
続きを読む »