Norges Bank Investment Management plans to oppose a proposal for Rio Tinto, a major mining company, to reevaluate its dual listings in London and Sydney, as per the Norwegian sovereign wealth fund's website. Shareholders of Rio Tinto will vote on this resolution, presented by Palliser Capital, a hedge fund in London, and over 100 other shareholders, at the annual general meeting of the world's largest iron ore producer. Norges Bank, the largest sovereign wealth fund globally, holds the seventh-largest stake in Rio Tinto Plc listed in London, with a 2.51% interest. In February, Rio Tinto advised its shareholders to reject the resolution. The company stated in March, following an extensive review of the structure, that merging the dual-listed companies (DLC) structure is unnecessary for providing strategic flexibility.