Rio Tinto report shows bullying remains rife with women targeted
Rio Tinto’s latest report comes after the government of Western Australia in June 2022 released its own landmark inquiry.
MELBOURNE, AUSTRALIA–(Marketwire – Jan. 11, 2012) – Robert Friedland, Chairman, and Peter Reeve, Chief Executive Officer of Ivanhoe Australia Limited (TSX:IVA)(ASX:IVA), are pleased to announce the receipt of the $30.1 million distribution from Exco Resources Limited.
The distribution, comprised of a capital return and special dividend, follows the finalisation of the sale of Exco’s Cloncurry Copper Project to Xstrata.
“This extra funding places us in a solid position in the lead-up to initial production of copper and gold from our Osborne operation this March, increasing our cash balance – including the Exco distribution – to $166 million as at 31 December 2011,” Mr Reeve said.
In total, Ivanhoe Australia has invested approximately $31 million during the past four and a half years in Exco shares and exploration work on the Ivanhoe Australia/Exco joint venture tenements. This investment has resulted in Ivanhoe Australia’s current holding of 22.6% of Exco, an 80% interest in the joint-venture tenements and the receipt of the distribution in December.
Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) is Ivanhoe Australia’s largest shareholder and currently owns, directly and indirectly, approximately 59% of Ivanhoe Australia’s issued and outstanding shares.
