Is the Rio Tinto (ASX:RIO) share price a good dividend opportunity?
The Rio Tinto share price may offer a large dividend yield this year.
Tristan Harrison has been a contributor to The Motley Fool since October 2016. He has an advanced diploma from the Association of Accounting Technicians (UK) and is currently studying to be a Chartered Institute Management Accountant. Tristan s goal is to help Australians learn about the great businesses listed on the ASX that will help grow their portfolio, wealth and confidence about investments over the long term. He s a keen tennis fan and can t wait for the next Australian Open to roll around.
900 workers at Rio Tinto’s British Columbia smelter strike over contract labour and pension rights
Around 900 workers walked off the job at mining conglomerate Rio Tinto’s aluminium smelting facility in Kitimat and power plant in Kemano, British Columbia early Sunday morning. The workers, for whom Unifor Local 2301 is the bargaining agent, are striking against the highly profitable company’s ever-expanding use of temporary contract labour and its refusal to grant workers hired since 2019 defined-benefit pensions.
Talks between the Australia-based multinational, which is the third-largest mining corporation in the world, and union representatives began on June 7. Management immediately made clear its determination to enforce aggressive cost-cutting measures, even though the company raked in net profits of US $9.8 billion in 2020.
Ottawa announces funding for mining technology at College of the North Atlantic
Ottawa announced $4.5 million Tuesday for the College of the North Atlantic to develop new technologies in the mining industry. The money will go toward a piece of equipment that will help the Iron Ore Company of Canada in Labrador City get a better understanding of the region’s geology.
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Q2 Operational update
Our colleague Nico Swart was tragically killed in a shooting incident whilst driving to work at Richards Bay Minerals (RBM) in South Africa on 24 May. Our sympathies are with Nico s family and we are offering ongoing support to his family, friends and colleagues.
We continue to prioritise the safety of our people and communities as some regions experience a resurgence of COVID-19. We have exceeded 30 months without a fatality on site but our all injury frequency rate (AIFR) of 0.39 has seen a slight increase versus the second quarter of 2020 (0.37), and prior quarter (0.35), which underlines that there is no room for complacency.
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