Rio Tinto Execs Lose Bonuses After Destruction Of Aboriginal Caves

"LONDON -- Rio Tinto will cut the bonuses of three senior executives by a combined £3.8 million ($5 million) after the company blew up a 46,000-year old sacred indigenous site in Australia to expand an iron ore mine.

In a report published Monday into the destruction of the Juukan Gorge caves in Western Australia in May, the company said that it failed to meet some of its own standards "in relation to the responsible management and protection of cultural heritage."

But Rio Tinto stopped short of firing any executives, drawing criticism from investor groups who accused the company of failing to take full responsibility for the demolition of the caves, which had significant archeological value and deep cultural meaning for aboriginal people."

Hanna Ziady reports for CNN August 24, 2020.