SEC Extracts $15 Million From Rio Tinto In First
On July 8, 2011, Rio Tinto paid $7.5 million to the Consultant's Swiss bank account and, on July 12, 2011, placed the remaining $3 million in an escrow account at the same Swiss bank to be released after December 31, 2015, provided that Rio Tinto continued to retain its mining rights over blocks three and four.