--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)

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