Performance
Global operations
The global nature of Rio Tinto's operations can expose the Group to risks unique to the social, legislative and political environment of particular countries. These risks range from expropriation of the Group's assets (nationalisation) to individual security matters such as kidnapping. Our personnel may also face situations arising from bureaucracy, official processes and local customs that increase the risk of non compliance with our ethical practices and other voluntary agreements we are committed to.
New country entry is regarded as a high risk activity. Rio Tinto business development and exploration teams are commonly approached to review projects and properties in new countries/territories and require a robust yet flexible methodology to ensure that a risk based decision is taken before committing staff, resources and money to follow up on an opportunity. We are developing a new threat based assessment to safeguard Group staff through this process.
For our existing operations, the unique country operational risks are considered as part of the annual business planning and operational risk analysis and management processes.
