New GIBS case study: When foreign direct investment is threatened: Rio Tinto and Richards Bay Minerals By Amy Fisher Moore and Marianne Matthee
On 29 June 2021, global mining company Rio Tinto (Rio) announced force majeure [1], which temporarily terminated customer contracts associated with their sole South African business, Richards Bay Minerals (RBM) based in the province KwaZulu Natal [2]. RBM was a joint venture between Rio Tinto and Blue Horizon [3], a consortium of investors, also including […]
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