The Financial Conduct Authority (FCA) has fined Rio Tinto plc (Rio Tinto)

Reason:
Misconduct
Content of Penalty:

Following an investigation, the FCA found that Rio Tinto breached the Disclosure Rules by failing to carry out an impairment test and to recognise an impairment loss on the value of mining assets based in the Republic of Mozambique which it acquired in August 2011 for US$3.7 billion when publishing its 2012 interim results (published 8 August 2012).

Date: 17/10/2017
Amount: 27,385,400
Link: https://www.fca.org.uk/news/press-releases/rio-tinto-plc-fined-%C2%A327m-breaching-disclosure-and-transparency-rules

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More