Rio Tinto pays $28 million to settle SEC fraud case over Mozambique coal assets

Rio Tinto on Wednesday said it has agreed to pay $28 million to settle a fraud case brought against it by the U.S. Securities and Exchange Commission (SEC) over claims the mining giant inflated the value of Mozambican coal assets that it acquired for $3.7 billion in 2011. The court-agreed…#mozambican #riotinto #cfo #guyelliott #thomasalbanese
Source: Reuters: Health - Category: Consumer Health News Source Type: news