Rio Tinto investor urges mining giant to drop primary London listing

Hedge fund with £197m stake leads push to prioritise Sydney exchange as FTSE 100 firm outlines ambitious copper production targets

An activist investor in Rio Tinto has demanded the miner scrap its primary London listing and focus on Australia, as the FTSE 100 firm outlined its long-term investment strategy.

Palliser Capital called on the metals and minerals firm to drop its “outdated” dual listing structure across the London and Sydney financial markets.

Topics

Activist shareholder intensifies campaign for Rio to quit London

Palliser Capital says dual structure has been an ‘unmitigated failure’ that cost shareholders $50bn of value
Financial Times - 15h
Rio Tinto Expects Pilbara Iron-Ore Shipments to Be Roughly Flat in 2025

The world’s second-biggest miner by value, expects annual iron ore shipments from its Australian operations to be little changed in 2025.
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UK regulator opens door to Shein London listing

Financial Conduct Authority values disclosure over ‘corporate behaviour’, says Nikhil Rathi
Financial Times - 1d
The dos and don’ts at top London hotels

The man at the helm of The Goring, the UK capital’s last family-run high-end stay, shares a surprisingly relaxed protocol . . .
Financial Times - 15h
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The technology searches for buried objects by sending vibrations into the ground and measuring what comes back.
Wired - 11h
Abandoned mine at heart of search for woman is becoming unsafe

Crews are still working to locate 64-year-old Elizabeth Pollard, who is believed to have fallen into a sinkhole in Unity Township while she was out searching for a missing cat.
CBS News - 6h
Niger junta takes control of French uranium mine

Yahoo News - 5h
Agricultural Giant Cargill to Lay Off Thousands of Workers

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The Wall Street Journal - 1d