KUBR

FCA fined Rio Tinto GBP 27.4m for late Mozambique coal impairment

Rio Tinto plc · Global mining

Regulatory breach

The case in brief

Visible before detection

    Checks that could have surfaced it, on hindsight

    1

    Operating-metric verification

    Operating data for the Mozambique coal assets would have contradicted the carrying value.

    Can mislead when: Contract staff do not appear in EPFO. Vahan access needs licensed APIs. Some businesses have no physical trace.

    2

    Regulatory & litigation records

    The later SEC and FCA records show the disclosure findings.

    Can mislead when: Court records lag and name spellings vary. A clean record can mean the problem has not reached court yet.

    3

    Governance signals

    Management and audit committee papers would show how the impairment question was handled.

    Can mislead when: Private companies file late, so these signals are lagging. Kubr uses them to support other flags, not to prove anything alone.

    Where Kubr services would have helped

    Portfolio monitor

    Offered in India
    • C8 The later SEC and FCA records show the disclosure findings.
    • C10 Operating data for the Mozambique coal assets would have contradicted the carrying value.
    • C11 Management and audit committee papers would show how the impairment question was handled.

    Verified Snapshot

    Offered in India
    • C8 The later SEC and FCA records show the disclosure findings.
    • C11 Management and audit committee papers would show how the impairment question was handled.

    Legal diligence support

    Offered in India
    • C8 The later SEC and FCA records show the disclosure findings.
    • C11 Management and audit committee papers would show how the impairment question was handled.

    Promoter profiles

    Offered in India
    • C8 The later SEC and FCA records show the disclosure findings.
    • C11 Management and audit committee papers would show how the impairment question was handled.

    Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.

    A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.