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Rio Tinto fined $750,000 over Mozambique deal

THE Federal Court has ordered Rio Tinto to pay a $750,000 penalty after finding it contravened continuous disclosure obligations, including over the value of its Rio Tinto Coal Mozambique assets.

Noel Dyson
ASIC case against Rio Tinto over a Mozambican coal deal settled.

ASIC case against Rio Tinto over a Mozambican coal deal settled.

However, former Rio Tinto CEO Tom Albanese and former chief financial officer Guy Elliott have had complaints against them dismissed. The court found that between December 21 2012 and January 17 2013...

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