Rio Tinto declares force majeure at violence-hit SA operation
Australian miner stops work at Richards Bay Minerals due to persistent attacks
Rio Tinto has declared force majeure on customer contracts at its Richards Bay Minerals subsidiary in SA and halted the operation, after the murder of a senior manager and continuing violence in surrounding communities disrupted business.
Force majeure is a legal term in supply contracts that protects companies when events beyond their control disrupt operations. It is a serious clause to invoke and not one the management does lightly...