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Mining giant joins fight to stop killer toad march across Australia

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Core Development: Mining giant joins fight to stop killer toad march across Australia
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Market & Financial Impact: Rio Tinto is jointly funding a A$28m "toad containment zoe" to protect the Pilbara region.
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Rio Tinto is ploughing millions of dollars into stopping the poisonous cane toad reaching the Pilbara region of western Australia, where the mining giant has a vast iron ore operation

The firm, alongside Curtin University in Perth and others, will spend A$28m (£14.5m) building a "toad containment zone" to prevent the pest travelling south.

While the cane toad is not a direct threat to Rio Tinto's business, it produces toxins lethal to native wildlife and poses a threat to Pilbara's ecosystem.

Rio Tinto has previously faced criticism for destroying two sacred Aboriginal rock shelters in Pilbara which sat above tonnes of iron ore.

The decision cost the former chief executive his job, provoked a widespread backlash and saw Rio Tinto commit to rebuilding trust with Indigenous communities.

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Official Publisher Attribution: This report is aggregated from Bloomberg. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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