Sep 17 2008
Norway Sells Shares of ‘Unethical’ Rio Tinto
Survival International – The Norwegian government has sold its shares in British company Rio Tinto, whose Grasberg mine in West Papua, Indonesia, has devastated the land of the Amungme and Kamoro tribes. Norway sold its almost £500 million shares in Rio Tinto following recommendations from its Council on Ethics to exclude the company from its government pension fund. The Council made its recommendation due to ‘a risk of contributing to severe environmental damage’ through Rio Tinto’s participation in the Grasberg copper and gold mine. Read More