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Rio Tinto has agreed to pay a $28mn penalty to the US Securities and Exchange Commission to settle a suit over a failed $3.7bn coal deal in Mozambique more than a decade ago. The settlement brings to an end a long-running series of legal disputes over whether Rio Tinto intentionally misled investors over the disastrous investment, which cost former chief executive Tom Albanese his job. Last year, Rio Tinto settled a similar claim with the regulator in Australia.
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>>> Read more: Rio Tinto to pay $28mn penalty in US settlement over Mozambique mine
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>>> Read more: Rio Tinto to pay $28mn penalty in US settlement over Mozambique mine
