The Guardian – Rio Tinto’s past casts a shadow over Serbia’s hopes of a lithium revolution

Excerpt from the Original article published on

People in the Jadar valley fear environmental catastrophe as Europe presses for self-sufficiency in battery technology

The Guardian

“Throughout its almost 150-year history, the Anglo-Australian multinational, which posted profits after tax of $10.4bn (£7.3bn) in 2020, has faced accusations of corruption, environmental degradation and human rights abuses.

It is currently fighting a civil lawsuit by the US Securities and Exchange Commission that accuses the company of fraud at its Mozambique coal business. That follows a £27.4m fine in 2017 from the UK’s financial watchdog for breaching disclosure and transparency rules.

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