0327 GMT - Rio Tinto PLC is one of the most mentioned companies in the news over the past six hours, according to Factiva data, after agreeing to pay a fine to resolve a U.S. Securities and Exchange Commission investigation. The SEC and Rio Tinto said Tuesday in separate statements that the Anglo-Australian miner had agreed to pay a $15 million penalty in relation to an SEC investigation into payments made to a former consultant who helped it acquire rights to Simandou, a massive iron-ore deposit in the Republic of Guinea, in 2011. In 2016, Rio Tinto fired one of its most senior operational executives and its head of legal and regulatory affairs and conducted an internal probe of the payments. It also notified the SEC. Rio said Tuesday that it agreed to pay the fine "without admitting to or denying the SEC's findings." Dow Jones & Co. owns Factiva. (jacques.vanwersch@dowjones.com)

(END) Dow Jones Newswires

March 06, 2023 22:42 ET (03:42 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Rio Tinto (ASX:RIO)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Rio Tinto Charts.
Rio Tinto (ASX:RIO)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Rio Tinto Charts.