Settlement with the Australian Securities and Investment Commission

Key Facts

March 06, 2022 10:06 PM Eastern Standard Time MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto has reached a settlement with the Australian Securities and Investment Commission (ASIC) regarding the disclosure of the impairment of Rio Tinto Coal Mozambique (RTCM), which was reflected in Rio Tinto’s 2012 year-end accounts.
As part of this court approved settlement, Rio Tinto will pay a A$750,000 penalty for a single contravention of its continuous disclosure obligations in the period 21 December 2012 to 17 January 2013, immediately preceding the impairment announcement.
As part of this court approved settlement between ASIC and Rio Tinto, there were no findings of fraud or any systemic or widespread failure by Rio Tinto.
Rio Tinto welcomes closure of the ASIC case on appropriate and reasonable terms.