Rio tinto: settlement with securities and exchange commission

London--(business wire)--rio tinto has reached a court approved settlement with the securities and exchange commission (sec) of a suit brought in 2017 concerning disclosure of the impairment of rio tinto coal mozambique (rtcm) reflected in rio tinto's 2012 year-end accounts. without admitting to or denying the sec's allegations related to its books, records and reporting requirements, rio tinto will pay a us$28 million penalty and retain an independent consultant to advise on its current polici.
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