Rio Tinto, a leading mining company, has expressed its support for maintaining its dual-listed structure and encouraged shareholders to vote against Palliser Capital's proposal to review the company's two listings in London and Sydney. The company stated that it had already conducted a thorough evaluation of the dual-listed structure and consulted with various stakeholders, including Palliser. It emphasized that unifying the dual-listed structure is unnecessary for providing strategic flexibility and could potentially harm the company and its shareholders. Rio Tinto is set to hold shareholder meetings in London on April 3 and in Perth on May 1. In response to activist investor Palliser Capital's resolution to review the dual-listing model, which aims to retain only the Australian listing to enhance the company's stock price, Australian shareholders have opposed the idea, citing potential value erosion. Unlike BHP, which eliminated its dual-listing structure in 2022 in response to activist pressures and now solely lists in Australia, Rio Tinto stands firm on maintaining its dual-listed status.