Rio Tinto Smacked Hard for Inflating Value of Mozambique Coal Assets

Posted on 10/22/2017


Rio Tinto Group has been charged with fraud by the U.S. Securities and Exchange Commission (SEC) and fined US$ 36 million by Britain’s Financial Conduct Authority (FCA) for hiding losses on the Mozambican coal business Riversdale Mining Ltd. Bought by Rio Tinto in 2011 for US$ 3.7 billion dollars under the new name Rio Tinto […]

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