RIO rio tinto limited

News: RIO Rio Tinto responds to SEC's claims in relation to Rio Tinto Coal Mozambique

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    Oct 18 (Reuters) - Rio Tinto Ltd (RIO)

    • notified by SEC it filed a complaint in relation to rio tinto's disclosures and timing of impairment of Rio Tinto Coal Mozambique (RTCM)
    • says it intends to vigorously defend itself against such allegations
    • believes that SEC case is unwarranted
    • reached a settlement with United Kingdom's financial conduct authority (FCA) in relation to timing of impairment of RTCM
    • "when all facts are considered by court, or if necessary by a jury, SEC's claims will be rejected."
    • FCA made no findings of fraud, or of any systemic or widespread failure by Rio Tinto, case is now closed
    • Australian Securities And Investments Commission is also reviewing rtcm impairment
 
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