NEW YORK, Nov 17 (Reuters) - Rio Tinto RIO.L (RIO) agreed to pay a $28 million civil fine to settle a U.S. Securities and Exchange Commission lawsuit that had accused the Anglo-Australian mining company of fraud in its handling of a failed investment in a Mozambique coal project.
The SEC also settled related claims against former Rio Tinto Chief Executive Tom Albanese, who would pay a $50,000 civil fine.
Neither Rio Tinto nor Albanese admitted liability in agreeing to settle, according to papers filed on Friday with the U.S. District Court in Manhattan. The settlements require a judge's approval.
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Last
$113.62 |
Change
1.260(1.12%) |
Mkt cap ! $42.17B | |||
| Open | High | Low | Value | Volume |
| $112.70 | $113.70 | $112.21 | $140.8M | 1.240M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20 | $113.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $113.69 | 700 | 1 |
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| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| RIO (ASX) Chart |