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Adrian Black

YOU WONT BELIEVE: Rio tinto pushes against destructive listing change | Mind Blowing Facts

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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