Newmont CEO not interested in returning to Rio Tinto

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Newmont CEO Tom Palmer is not interested in returning to Rio Tinto to replace CEO Jean-Sebastien Jacques, according to the Financial Times.

Prior to joining Newmont in 2014, Palmer was the Chief Operating Officer, Pilbara Mines at Rio Tinto.

Jacques resigned after the destruction of two 46,000-year-old Aboriginal shelters this year to make way for the expansion of an iron ore mine.

Representatives of the Puutu Kunti Kurrama and Pinikura (PKKP) peoples sent communications as early as 2008, setting out the importance of the site before preservation efforts picked up in the months before the blast – but they went unheeded, the group said in a submission to a government enquiry.

“I already have the privilege of leading one of the great mining companies in the world. I’ve got the best team I’ve ever had the privilege to work with. And we have some great opportunities in front of us. I am firmly focused on that.” Palmer told the FT.