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SEC charges Rio Tinto, two former top executives with fraud

The SEC claims that Rio Tinto knew its barging assumptions were unrealistic and railway capacity severely limited by the end of 2011, just months after securing the Riversdale coal assets in Mozambique.


THE US Securities and Exchange Commission (SEC) on Tuesday charged mining company Rio Tinto and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping...

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