1 MADE IN MONGOLIA – NORTH AMERICA 2020 WWW.NEWS.MN PUBLISHED:2019/11/21      2 AGAINST WHOM THE US WANTS TO ‘STRENGTHEN COOPERATION’ WITH MONGOLIA? WWW.JOURNAL-NEO.ORG PUBLISHED:2019/11/21      3 MONGOLIA TO COOPERATE WITH GGGI IN GREEN BUILDING WWW.MONTSAME.MN PUBLISHED:2019/11/21      4 MONGOLIA’S ‘ETERNAL ICE’ IS MELTING, REVEALING ANCIENT ARTIFACTS WWW.VICE.COM PUBLISHED:2019/11/21      5 FOREIGN EXCHANGE RESERVES REACHES USD 3.7 BILLION, EIGHT MONTHS OF IMPORTS WWW.MONTSAME.MN PUBLISHED:2019/11/21      6 SWISS DEVELOPMENT STRATEGY TO BE IMPLEMENTED UNTIL 2024 WWW.MONTSAME.MN PUBLISHED:2019/11/21      7 GREY LIST SCAPEGOAT? CENTRAL BANK PRESIDENT RESIGNS WWW.NEWS.MN PUBLISHED:2019/11/21      8 MRPAM REVOKES ANOTHER 28 MINING LICENSES IN OCTOBER WWW.ZGM.MN PUBLISHED:2019/11/21      9 BILGUUN: MINERALS ROYALTY MAY BURDEN ENTITIES WWW.ZGM.MN PUBLISHED:2019/11/20      10 MONGOLIA POURS FRESH DOUBT ON RIO TINTO AGREEMENT WWW.AFR.COM PUBLISHED:2019/11/20      2020 ОНЫ НИЙСЛЭЛИЙН ТӨСӨВТ АВТО ЗАМЫН ТҮГЖРЭЛИЙГ БАГАСГАХ ТӨСЛИЙГ ЭХЛҮҮЛЭХЭЭР ТУСГАЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/11/21     ҮСХ: АГААР ДАХЬ ТООСОНЦРЫН ХЭМЖЭЭ X САРД БУУРСАН Ч ХҮХЭРЛЭГ ХИЙН АГУУЛАМЖ 2 ДАХИН НЭМЭГДСЭН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/11/21     ОРОН СУУЦНЫ ҮНИЙН ЕРӨНХИЙ ИНДЕКС X САРЫН БАЙДЛААР 1.089 НЭГЖИД ХҮРЧ , ӨМНӨХ САРААС 1.14 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/11/21     MOНГОЛ УЛС ТЕРРОРИЗМЫН АЮУЛ ОГТ БАЙХГҮЙ ОРНУУДЫН ТООНД БАГТАВ WWW.IKON.MN НИЙТЭЛСЭН:2019/11/21     НАРИЙН ШИРХЭГТ ТООСОНЦОР 55 ХУВИАР БУУРЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2019/11/21     “ОЮУТОЛГОЙ ОРД 31.4 САЯ ТОНН ЗЭС, 1200 ТОНН АЛТ, 7850 ТОНН МӨНГӨНИЙ НӨӨЦТЭЙ” WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/11/21     НИЙСЛЭЛ 2020 ОНД НЭГ ИХ НАЯД 1.2 ТЭРБУМ ТӨГРӨГ ОЛНО WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/11/21     АЛТ ЦЭВЭРШҮҮЛЭХ ҮЙЛДВЭР ГАРААНЫ ЗУРХАЙД ИРЛЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/11/21     МОНГОЛ УЛСЫН ХҮЛЭМЖИЙН ХИЙН ЯЛГАРУУЛАЛТ 2015-2017 ОНД 13,1 ХУВИАР НЭМЭГДЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/11/20     XI/15-НААС ХОЙШИХ ХУГАЦААНД 76 ТЭРБУМ ТӨГРӨГИЙГ ИПОТЕКИЙН ЗЭЭЛД ОЛГОНО WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/11/20    

Norway’s $1 trillion fund builds Rio stake after dirty mine sold www.mining.com

After freezing out Rio Tinto Group for more than a decade for owning a highly polluting copper mine, one of the world’s biggest sovereign wealth funds has brought the company back into the fold.

Norway’s $1 trillion wealth fund built a 1.4% stake in the world’s No. 2 miner by the end of September, according to Bloomberg data. That puts the fund among the top 10 holders of Rio Tinto shares, the data show.

The investment demonstrates the value of meeting the increasingly aggressive environmental goals set by some of the largest money managers. Norway’s wealth fund is at the forefront of those efforts, and said earlier this year it would stop investing in companies that mine more than 20 million tons a year of thermal coal, the most polluting fuel. Miners including Glencore Plc and Anglo American Plc are set to fall foul of this rule.

Norway refused to buy Rio Tinto stock for more than a decade because of the environmental damage caused by its Grasberg mine in Indonesia, one of the world’s biggest copper and gold projects. In June, the fund said it had revoked that exclusion, after a recommendation from its Council on Ethics.

Rio agreed to sell its stake in Grasberg last year for $3.5 billion. The mine, operated by U.S. company Freeport-McMoRan Inc., is highly contentious. Every year it dumps tens of millions of tons of mining waste into an Indonesian river system and will continue to do so for years to come.

Rio has sought to burnish its environmental credentials, becoming increasingly vocal on the subject. After offloading its last coal mine in 2018, the company has sought to distinguish itself from rivals that still have fossil-fuel exposure.

(By Thomas Biesheuvel)



Published Date:2019-10-22