As a result of a complaint made in July 2010 the Financial Reporting Review Panel of the FRC has had under review the report and accounts of Rio Tinto plc for the year ended 31 December 2008. Additional information included in the Rio Tinto Annual Report following discussions with the Panel comprises details of the potential health risks posed by exposure to workers and communities surrounding uranium mines; details of the sensitivities the group faces in dealing with local communities, such as the La Granja copper development in Peru and the Eagle project in Michigan in the United States; an example of the potential for the group’s projects to impact on biodiversity, with information relating to biodiversity projects associated with the group’s activities in Madagascar; additional details of the group’s non-managed Grasberg mine in Indonesia and the nature of the environmental, social and reputational issues relating to that mine.
See http://www.frc.org.uk/News-and-Events/FRC-Press/Press/2011/March/Statement-by-the-Financial-Reporting-Review-Panel.aspx.
For the original complaint, see https://londonminingnetwork.org/2010/08/client-earth-report-on-rio-tinto/.