RIO News: Rio Tinto: Settlement with Securities and Exchange Commission - 22nd Nov 2023, 8:31am

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LONDON, November 21, 2023--(BUSINESS WIRE)--Rio Tinto has reached a court approved settlement with the Securities and Exchange Commission (SEC) of a suit brought in 2017 concerning disclosure of the impairment of Rio Tinto Coal Mozambique (RTCM) reflected in Rio Tinto’s 2012 year-end accounts.

Without admitting to or denying the SEC’s allegations related to its books, records and reporting requirements, Rio Tinto will pay a US$28 million penalty and retain an independent consultant to...

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