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PNG Court Quashes Panguna Mine Class Action Against Rio Tinto

Bloomberg•Monday, September 29, 2025 at 8:04:45 AM
PositiveFinancial Markets
PNG Court Quashes Panguna Mine Class Action Against Rio Tinto
In a significant legal development, Papua New Guinea's National Court has dismissed a multi-billion-dollar class-action lawsuit against Rio Tinto Group concerning alleged damages from the historic Panguna copper mine. This ruling is crucial as it not only impacts Rio Tinto's financial standing but also sets a precedent for future legal actions related to mining operations in the region. The decision may bring relief to the company and its stakeholders, while also highlighting the complexities of environmental and historical claims in mining.
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