RIO is a 86% shareholder in ERA , they also have an agreement to manage the rehabilitation for ERA. But the $2 billion required is for ERA to pay and not it's shareholders. RIO may choose to fund it for ESG or tax purposes. They may also choose to walk away and ERA folds which then leaves RIO $600 million tax write off. In my opinion, I see the taxpayer paying for the cleanup and rehabilitation.
All of this has 0 affect on PEN
PEN Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
