Rio Tinto faces investor pressure to enhance water management at its Madagascar and Mongolia mines, potentially affecting permits for projects in Serbia and Arizona.

Rio Tinto, a multinational mining corporation, is facing pressure from investors and lenders to improve water management at two of its sites. The Local Authority Pension Fund Forum (LAPFF), which represents pension funds in the UK, has raised concerns over water management practices at the company's ilmenite mine in Madagascar and its copper mine in Oyu Tolgoi, Mongolia. This may hinder the company's attempts to secure government permissions for new projects, such as a lithium mine in Serbia and a copper mine in Arizona.

February 12, 2024
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