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Adrian Black

Rio Tinto pushes against 'destructive' listing change

Rio Rio Tinto James Smith London DLC Glass Lewis Palliser

Rio Tinto is fighting moves to drop one of its dual stock exchange listings. (Richard Wainwright/AAP PHOTOS)

Iron ore giant Rio Tinto's board has told shareholders to reject a "destructive" plan to review the company's dual listings in London and Sydney.

The call comes after activist investor Palliser Capital made a shareholder resolution to keep only the group's ASX spot, amid claims the dual listing had eroded $US50 billion ($A78.5 billion) in company value.

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One subscription that gives you access to news from hundreds of sites

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