FSUMF - Aboriginal group to rate Rio Tinto Australian miners on performance

An Aboriginal group says it plans a scorecard to rate miners including Rio Tinto ([[RIO]] -2.8%) and Fortescue Metals (FSUMF) in Western Australia on how well they comply with various ESG metrics.The Wintawari Guruma Aboriginal Corp., which represents the Eastern Guruma region in the Pilbara, says it seeks to educate investors and the broader public after Rio Tinto's destruction of ancient rock shelters by last year.Rio and Fortescue, the biggest miners on Eastern Guruma land, say they welcome the initiative.Rio operates six mines and three rail lines in the region and Fortescue operates the large Solomon mine and a rail line, and both companies are seeking approvals for significant expansions of their operations.Rio and other global mining stocks have been falling this week as copper and iron ore prices drop.

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Aboriginal group to rate Rio Tinto, Australian miners on performance