REG - Rio Tinto - Rio Tinto resolves legacy SEC investigation

Rio TintoAnnouncement

07/03/2023 07:00

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RNS Number : 0784S  Rio Tinto PLC  07 March 2023

 

Notice to
ASX/LSE

 

Rio Tinto resolves legacy U.S. Securities and Exchange Commission FCPA
investigation

6 March 2023

 

 

Rio Tinto has today resolved a previously self-disclosed investigation by the
U.S. Securities and Exchange Commission (SEC) into certain contractual
payments made to a former consultant over a decade ago in 2011, relating to
the Simandou project in the Republic of Guinea.

 

Without admitting to or denying the SEC's findings, Rio Tinto has agreed to
pay a $15 million civil penalty for violations of the books and records and
internal controls provisions of the Foreign Corrupt Practices Act (FCPA).

 

In connection with the settlement, Dominic Barton, Chairman of Rio Tinto said:
"We are glad to have resolved this matter related to events that occurred over
a decade ago on appropriate and reasonable terms. When Rio became aware of the
issue, an internal investigation was immediately launched, and we proactively
notified the appropriate authorities.

 

"Since becoming aware, Rio Tinto has taken significant actions to enhance our
compliance programme based on best practices. Under current leadership we are
taking action to build a culture guided by our values of care, courage and
curiosity; an environment where every team member feels comfortable to speak
up if something is not right. We remain committed to conducting business to
the highest standards of integrity, and ensuring that our projects benefit
communities, host governments, shareholders, and customers."

 

 

 

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

 

 

 

 Media Relations,        Media Relations,               Media Relations,
 United Kingdom          Australia                      Americas

 
 
 

 Matthew Klar            Matt Chambers                  Simon Letendre

 M +44 7796 630 637      M +61 433 525 739              M +1 514 796 4973

 David Outhwaite         Jesse Riseborough              Malika Cherry

 M +44 7787 597 493      M +61 436 653 412              M +1 418 592 7293

                         Alyesha Anderson

                         M +61 434 868 118

 Investor Relations,     Investor Relations,
 United Kingdom          Australia

 
 

 Menno Sanderse          Tom Gallop

 M +44 7825 195 178      M +61 439 353 948

 David Ovington          Amar Jambaa

 M +44 7920 010 978      M +61 472 865 948

 Clare Peever

 M +44 7788 967 877

 Rio Tinto plc           Rio Tinto Limited

 
 

 6 St James's Square     Level 43, 120 Collins Street

 London SW1Y 4AD         Melbourne 3000

 United Kingdom          Australia

 T +44 20 7781 2000      T +61 3 9283 3333

 Registered in England   Registered in Australia

 No. 719885              ABN 96 004 458 404

This announcement is authorised for release to the market by Steve Allen, Rio
Tinto's Group Company Secretary.

 

 

 

 

 

 

 

 

 

 

riotinto.com

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