UK Watchdog Launches Probe into Rio Tinto Over Oyu Tolgoi Disclosures -FT
July 28 2021 - 5:03AM
Dow Jones News
--The U.K. Financial Conduct Authority has launched a probe into
Rio Tinto and its Oyu Tolgoi copper project in Mongolia, the
Financial Times reports, citing unnamed sources.
--The watchdog is investigating whether the mining company
breached listing rules in disclosures about the value of the
project in 2018 and 2019, according to the FT.
--Some investors and a former employee have claimed Rio Tinto
knew the expansion of the mine was in trouble months before the
problems were disclosed, the British newspaper reports.
--Rio Tinto's CFO declined to comment when contacted by The Wall
Street Journal.
Full story: https://on.ft.com/3iSKrJ3
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
July 28, 2021 04:52 ET (08:52 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Rio Tinto (NYSE:RIO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Rio Tinto (NYSE:RIO)
Historical Stock Chart
From Apr 2023 to Apr 2024