Rio Tinto removed from Norway blacklist after selling polluting mine

Norway’s $1-trillion wealth fund has removed Rio Tinto from its investing blacklist after the world’s second-biggest miner sold out of the controversial Grasberg mine in Indonesia. Norway has refused to buy Rio Tinto stock for more than a decade because of the environmental damage caused by one of the world’s biggest copper and gold projects. Today, after a recommendation from its Council on Ethics, the fund said it had revoked that exclusion.