Norway's Sovereign Wealth Fund Contemplates Rio Tinto Divestment
Norway's Sovereign Wealth Fund Contemplates Rio Tinto Divestment
Rio Tinto (NYSE:RIO), the world's second-largest metals and mining corporation, is facing a possible divestment from the Norwegian sovereign wealth fund.
全球第二大金屬和礦業公司力拓（紐約證券交易所代碼：RIO）可能面臨從挪威主權財富基金撤資的問題。
The Council On Ethics, charged with ensuring adherence to strict ethical guidelines, is deliberating whether to recommend exiting the $2.15 billion stake due to alleged deforestation links in the Brazilian Amazon.
負責確保遵守嚴格的道德指導方針的道德委員會正在考慮是否建議退出這筆21.5億美元的股份，原因是據稱巴西亞馬遜地區存在森林砍伐問題。
According to The Wall Street Journal, in January, the council asked Rio Tinto for comment on its draft recommendation to exclude the company from Norway's $1.6 trillion fund. Since then, Rio Tinto and the council have been in discussions, but a final decision hasn't been made.
據《華爾街日報》報道，該委員會在1月份要求力拓對其將該公司排除在挪威1.6萬億美元基金之外的建議草案發表評論。此後，力拓和理事會一直在進行討論，但尚未做出最終決定。
The council, which is independent, plays an important role in the world's largest sovereign wealth fund. Its job is to scrutinize investments made by Norges Bank Investment Management, the fund's operator. It can then recommend excluding companies from the fund or placing them on an observation list.
該委員會是獨立的，在世界上最大的主權財富基金中發揮着重要作用。它的工作是審查該基金的運營商挪威銀行投資管理公司的投資。然後，它可以建議將公司排除在基金之外或將其列入觀察名單。
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Norway's stringent approach to ethical investing has also led to divestments from other major players in the industry, such as Glencore ADR (OTCPK: GLNCY), as the fund dropped the stake in the Swiss miner in 2020 due to thermal coal production concerns.
挪威嚴格的道德投資方針也導致了該行業其他主要參與者的撤資，例如嘉能可ADR（OTCPK：GLNCY），因爲出於動力煤生產的擔憂，該基金在2020年放棄了這家瑞士礦業公司的股份。
With Norges closely adhering to recommendations related to environmental, social and corporate governance factors since 2015, Rio Tinto's potential exclusion from the fund carries significant weight, as the fund is its fifth largest shareholder.
自2015年以來，由於挪威嚴格遵守與環境、社會和公司治理因素相關的建議，力拓可能被排除在該基金之外具有重大影響，因爲該基金是其第五大股東。
Yet, this isn't the first time Rio Tinto has faced such a predicament. Back in 2008, Norway made headlines by divesting from Rio Tinto over concerns regarding the Grasberg mine's operations in Indonesia, citing environmental damage. This divestment lasted for 11 years until June 2019, when Rio Tinto sold its stake in the mine for $3.5 billion, paving the way for its re-entry into the fund.
但是，這不是力拓第一次面臨這樣的困境。早在2008年，挪威就以環境破壞爲由從力拓撤資，成爲頭條新聞，原因是擔心格拉斯伯格礦在印度尼西亞的運營。此次撤資持續了11年，直到2019年6月，力拓以35億美元的價格出售了其在該礦的股份，爲其重新加入該基金鋪平了道路。
Today, the controversy lies in Rio Tinto's 22% ownership of a bauxite producer, Mineração Rio do Norte (MRN), in northern Brazil. Another MRN shareholder, Australian miner South32 ADR (OTCPK: SOUHY), which has a 33% stake, is also under assessment, as Norges owns 2.18% worth some $223 million. The third major shareholder is the aforementioned Glencore, with 45%.
如今，爭議在於力拓對巴西北部鋁土礦生產商Mineracaão Norte（MRN）22％的所有權。MRN的另一位股東，澳大利亞礦業公司South32 ADR（場外交易代碼：SOUHY）也在評估中，該公司持有33％的股份，因爲挪威擁有2.18％的股份，價值約2.23億美元。第三大股東是前面提到的嘉能可，佔45％。
As the largest sovereign wealth fund with $1.6 trillion under management, Norges holds an average of 1.5% stake in the world's listed companies. Owing to its size, the fund holds significant global sway. Its actions attract interest from other sovereign-wealth funds and large pools of capital, potentially shifting the sentiment around the companies in focus.
作爲管理着1.6萬億美元的最大主權財富基金，挪威平均持有全球上市公司1.5％的股份。由於其規模，該基金在全球擁有巨大的影響力。其行動吸引了其他主權財富基金和大量資本的興趣，有可能改變圍繞重點公司的情緒。
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本辛加礦業是礦業公司和散戶投資者之間的橋樑。聯繫 licensing@benzinga.com 開始吧！
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譯文內容由第三人軟體翻譯。