Original article by Matthew Stevens
The Australian Financial Review – Page: 13 & 16 : 29-Nov-16

It has been revealed that Rio Tinto’s 2011 acquisition of Riversdale Mining has been the subject of a confidential investigation by the US Securities & Exchange Commission. The probe into the $US4.16bn takeover of the Mozambique-focused coal producer predates revelations over the scandal surrounding the Simandou iron ore project in Guinea. A subsequent $US3.269bn write-down in the value of the Mozambique assets in Rio’s 2012 financial accounts led to the departure of several top executives, including CEO Tom Albanese.

CORPORATES
RIO TINTO LIMITED – ASX RIO, RIVERSDALE MINING LIMITED, UNITED STATES. SECURITIES AND EXCHANGE COMMISSION, GREAT BRITAIN. SERIOUS FRAUD OFFICE, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, BHP BILLITON LIMITED – ASX BHP, KIRKLAND AND ELLIS LLP, INTERNATIONAL COAL VENTURES LIMITED