RIO 1.31% $134.09 rio tinto limited

News: RIO UPDATE 1-Native American group seeks to overturn US court ruling on Rio's Arizona copper...

  1. 187,834 Posts.
    lightbulb Created with Sketch. 2759

    (Adds Rio Tinto statement in paragraph 6)

    A Native American group has asked all members of a U.S. appeals court on Monday to overturn an earlier ruling that granted land to Rio Tinto (RIO) RIO.L for a copper mine in Arizona, saying the land was sacred and culturally significant.

    A ruling from a smaller group of the San Francisco-based 9th U.S. Circuit Court of Appeals had earlier this month ruled that the federal government may give away thousands of acres in U.S. state Arizona to Rio Tinto and minority partner BHP (BHP) for the Resolution Copper project.

    Apache Stronghold, a nonprofit group comprised of the San Carlos Apache tribe and others has long opposed the mine, which would destroy a site where Indigenous ceremonies have been held for generations.

    If developed, the mine would supply more than a quarter of U.S. copper demand for the renewable energy transition. However, it would create a crater 2 miles (3 km) wide and 1,000 feet (304 m) deep that would destroy that worship site.

    "If any case warrants full-court review, it is this one," said Luke Goodrich, a Becket Law attorney who represents Apache Stronghold.

    A Rio Tinto spokesperson told Reuters: "Resolution Copper is aware of Apache Stronghold's extraordinary action to seek review of the 9th Circuit's full panel and we await the court's direction on next steps."

    BHP did not respond to requests for comment. When the U.S. appeals court approved the land swap, it had essentially deferred to a 2014 decision by the U.S. Congress and then-President Barack Obama.

    The decision comes amid the U.S. presidential election season, in which former President Donald Trump, who supports the mine, is likely to face off against President Joe Biden, who narrowly won Arizona in the 2020 election thanks to Native American votes.

 
watchlist Created with Sketch. Add RIO (ASX) to my watchlist
(20min delay)
Last
$134.09
Change
-1.780(1.31%)
Mkt cap ! $49.77B
Open High Low Value Volume
$135.15 $135.26 $133.71 $165.3M 1.231M

Buyers (Bids)

No. Vol. Price($)
1 593 $134.08
 

Sellers (Offers)

Price($) Vol. No.
$134.09 127 1
View Market Depth
Last trade - 16.10pm 21/05/2024 (20 minute delay) ?
Last
$134.07
  Change
-1.780 ( 1.36 %)
Open High Low Volume
$135.15 $135.25 $133.74 196708
Last updated 15.59pm 21/05/2024 ?
RIO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.