Rio Tinto’s Oyu Tolgoi mine a wake-up call for ethical investors

This summer, mining giant Rio Tinto agreed to a US$139 million (AU$211 million) settlement with U.S. investors over cost overruns at its Oyu Tolgoi (OT) mine.

However, for the Mongolian herders whose lands and water have been poisoned due to miscalculations by the same project – and who have been fighting for justice for well over a decade – the wait sadly continues.

The story of Oyu Tolgoi shows how corporate negligence can simultaneously burden investors with financial risks and leave local communities with unmet promises; ethical investors should take note and demand accountability.

Read the full op-ed on Independent Australia here.