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SEC Alleges Rio Tinto Misled Investors Over Value of Coal Assets

October 18, 2017 11:16 AM
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Miner valued Mozambique coal assets at $3 billion though value was internally assessed at negative $680 million, according to lawsuit

U.S. regulators on Tuesday sued Rio Tinto PLC and two former top executives over claims they misled investors about the value of Mozambique coal assets obtained in a disastrous acquisition that caused huge losses for the global mining giant.

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