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    RIO   GB0007188757

RIO TINTO PLC

(RIO)
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UK Watchdog Launches Probe into Rio Tinto Over Oyu Tolgoi Disclosures -FT

07/28/2021 | 02:52am EDT

--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

07-28-21 0452ET

Stocks mentioned in the article
ChangeLast1st jan.
RIO TINTO PLC -1.88% 4738.5 Delayed Quote.-13.82%
SILVER -0.06% 22.28 Delayed Quote.-15.06%
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Analyst Recommendations on RIO TINTO PLC
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Financials (USD)
Sales 2021 66 528 M - -
Net income 2021 24 314 M - -
Net cash 2021 3 949 M - -
P/E ratio 2021 4,28x
Yield 2021 18,1%
Capitalization 106 B 106 B -
EV / Sales 2021 1,53x
EV / Sales 2022 1,86x
Nbr of Employees 47 500
Free-Float 65,3%
Chart RIO TINTO PLC
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Rio Tinto plc Technical Analysis Chart | MarketScreener
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Technical analysis trends RIO TINTO PLC
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Last Close Price 64,40 $
Average target price 86,28 $
Spread / Average Target 34,0%
EPS Revisions
Managers and Directors
Jakob Stausholm Chief Executive Officer & Executive Director
Peter Lloyd Cunningham Chief Financial Officer & Executive Director
Simon Robert Thompson Chairman
Arnaud Soirat Chief Operating Officer
Megan Clark Independent Non-Executive Director
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