Settlement with the Australian Securities and Investment Commission

MELBOURNE, Australia, March 07, 2022–(BUSINESS WIRE)–Rio Tinto has reached an agreement 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’s 2012 year-end accounts Tinto.

Under the court-approved settlement, Rio Tinto will pay a fine of A$750,000 for a single breach of its continuous disclosure obligations during the period from December 21, 2012 to January 17, 2013, immediately preceding the announcement. depreciation. Under this court-approved settlement between ASIC and Rio Tinto, there were no findings of fraud or systemic or widespread failure by Rio Tinto.

The case against Tom Albanese and Guy Elliott was dismissed entirely.

Rio Tinto settled with the UK’s Financial Conduct Authority (FCA) in 2017 over the same RTCM impairment. A US court has also dismissed a related US securities class action lawsuit.

Rio Tinto welcomes the closing of the ASIC deal on appropriate and reasonable terms. The resolution of this case, however, does not impact the proceedings of the Securities and Exchange Commission. Rio Tinto will continue to vigorously defend itself against the SEC allegations.

RTCM was acquired in 2011 and sold in 2014.

This announcement is authorized for market distribution by Steve Allen, Corporate Secretary of the Rio Tinto Group.

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Category: General

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