Rio Tinto Says CEO Jacques to Exit Company

The transcript discusses the fallout from Rio Tinto's destruction of the Juukan Gorge, a site of significant Aboriginal heritage. Professor Marcia Langton emphasizes the need for cultural rebuilding within the company. Key executives, including CEO Jean-Sébastien Jacques, are stepping down. The incident, which allowed Rio Tinto to access more iron ore, has drawn widespread criticism, particularly from pension funds and advocacy groups, leading to a reversal in the company's initial response.

What is the primary focus for the company according to Professor Marcia Langton?

• Rebuilding internal culture

• Increasing profits

• Reducing employee turnover

• Expanding mining operations

Who was appointed to replace Chris Salisbury as head of the Iron Ore business?

• Paul Smith

• Ivan Vella

• Simone Niven

• Jean-Sébastien Jacques

What significant cultural heritage was destroyed by Rio Tinto's blasting?

• Ancient rock shelters

• Natural landscapes

• Historical buildings

• Modern art installations

Why did AustralianSuper and other funds criticize Rio Tinto's initial response?

• For hiring new executives

• For not expanding operations

• For insufficient punishment

• For increasing bonuses

What was the main concern of shareholder advocacy groups regarding Rio Tinto's response?

• Increase in operational costs

• Loss of market share

• Weak response affecting future approvals

• Reduction in workforce