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Rio shares unscathed by SFO case

The UK's Serious Fraud Office has announced it is investigating Rio Tinto's (LN:RIO) dealings in Guinea, where it held exploration rights to the enormous Simandou iron ore deposit.

Mining Journal
Worth it? Rio Tinto has sold out of Simandou but won't get the bulk of the payment until production commences

Worth it? Rio Tinto has sold out of Simandou but won't get the bulk of the payment until production commences

Investors have reacted with a shrug, however, to the corruption investigation.  On the ASX, Rio shares were up around 0.6% in Tuesday trading to A$63 (US$53) per share, but down 0.5% on off-market trading...

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