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Has Rio Tinto (RIO) decided to lay out the biggest UK corporate dividend in history because it is trying to appease investors? Is the policy to calm those up in arms about the company’s destruction of what we’re told was an important Aboriginal historical site and to avert a crisis over recent reports of staff disquiet over sexual and racial harassment?
IGTV’s Jeremy Naylor caught up with mining specialist, John Meyer from SP Angel. He says it is likely that we’ll see the strategy repeated across the mining sector as companies return surplus cash to investors from raised Chinese demand and higher prices across many metals markets.