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Rio Tinto achieved strong safety performance in 2020

Rio Tinto Fourth quarter report

Rio Tinto releases fourth-quarter production results. The report states, “Our 2020 safety performance was strong, fatality-free for the second year in a row. Health and safety remain our top priority as we maintain the use of the critical controls that protect our employees and the local communities with the resurgence of COVID-19 in several regions where we operate. Our all injury frequency rate (AIFR) improved by more than 10% for 2020 versus 2019 (0.42), demonstrating our ability to adapt to changing conditions.”

Rio Tinto says will continue to manage the risk of COVID-19 as countries tighten restrictions and work to fight against a resurgence of the virus. The company absolute priority is to maintain significant levels of support and care for the employees, contractors, and host communities, particularly with the re-emerging risk for our operations and projects in Canada, the United States, South Africa and Mongolia. Rio Tinto are focused on well-being initiatives globally, and embrace flexible working arrangements.

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The report shows that Rio Tinto achieved a solid operational performance in the iron ore division, which shipped 88.9 million tonnes (Rio Tinto share 73.6 million tonnes) in the fourth quarter.

Rio Tinto Chief Executive Jakob Stausholm said “We have delivered a strong safety and operational performance in the face of the significant global challenges of COVID-19. Our 2020 performance reflects the resilience of the business, and the commitment and flexibility of our employees, customers, communities and host governments.

“We are working to restore trust with the Puutu Kunti Kurrama and Pinikura (PKKP) people. Some important progress has been made as set out in the joint statement issued in December following a meeting between the PKKP and Rio Tinto boards. We are also developing additional measures to strengthen our partnerships with Traditional Owners, including a commitment to modernise and improve agreements, particularly in the Pilbara. More broadly, we are determined to improve Rio Tinto’s approach to stakeholder engagement globally by embedding a more inclusive approach that strengthens our overall thinking, decision-making and performance. However, I do not underestimate the time and effort it will take, genuinely working together with our partners, in order for Rio Tinto to drive the changes necessary to help restore trust and rebuild our reputation.

“Safe and well-run operations, together with world-class assets and a strong balance sheet, leave Rio Tinto well placed to generate superior returns for shareholders, invest in sustaining and growing our portfolio, while continuing to pay taxes and royalties in our host communities and make a broader contribution to society, including employment and procurement.”

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AMSJ April 2022