The Multinational Monitor



To the editor:

The April edition of Multinational Monitor has been drawn to my attention since it contains an article about RTZ by Roger Moody ("Rio Tinto Zinc: The British Mining Monster").

To correct the voluminous misinformation which Mr. Moody continues to tout, even though detailed, factual information has been provided to him in person and in writing on all his points over several years, would require far more space in your publication than could be justified.

I hope, therefore, that you will permit me briefly to outline RTZ's policy and make reference to a very different image of RTZ and its activities from other third parties.

Firstly, what are RTZ's objectives? Our aim is to pursue excellence on behalf of our shareholders, our employees, our customers and the communities where we work. This means a desire to be in the forefront of technology and of efficient management practice. It means we wish to excel in environmental terms and to be a good steward of the resources under our control. It means we have high expectations of our workforce and in return we look after them. It means that we aim to be responsible members of each of the societies in which we work and to make a positive contribution to them. In short, RTZ accepts the responsibilities which inevitably accompany our world leadership in supplying the metals and minerals on which industry relies and which contribute to global economic prosperity.

Secondly, among the many who have recognized differing qualities in RTZ to Mr. Moody, the investment analysts CS First Boston wrote earlier this month under the heading "RTZ: the World Leader:" "[RTZ] is quite easily the best run mining company in the world, with an attractive diversified portfolio of mining operations, all of which are world class."

Let me also give an alternative view of but one of our operations which Mr. Moody so roundly criticizes from afar-- Rossing Uranium of Namibia. You may not recognize it as the same place from the comments written in the visitors book there by the then Mr. Sam Nujoma of SWAPO following his visit in November 1989, before he became President of Namibia: "The delegation of SWAPO of Namibia is highly impressed by the process and progress of the work done and especially the working relations between management and staff and above all, health care for the workers."

John G. Hughes
Head of Public Affairs
Rio Tinto Zinc
London, England

To the editor:

For some years I have been a subscriber to Multinational Monitor, and I have made frequent use of it in my research and writing. I am troubled, however, by your list of resources under Books, Reports and Periodicals in your June 1990 issue.

You make reference to my Illegal Corporate Behavior, a publication that, to my knowledge, has been out of print for some time and is a much older reference to my work. The citation should have been to one or all of these:

Corporate Corruption: The Abuse of Power (New York: Praeger, 1990); Corporate Crime, with Peter Yeager (New York: Free Press, 1980; paper, 1983);

Corporate Ethics and Crime: The Role of Middle Management (Beverly Hills: Sage, 1983).

Marshall Clinard
Santa Barbara, California

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