South Africa: Why Rio Tinto Declaring Force Majeure Over Richards Bay Minerals Is a Significant Event

opinion

There are five reasons the decision by global mining giant Rio Tinto to declare force majeure on customer contracts at Richards Bay Minerals (RBM) is a major event in SA's business life, and much more significant than a short-term contract interruption normally typical of force majeure declarations.

First published in the Daily Maverick 168 weekly newspaper.

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