🕐02.06.14 - 01:00 Uhr

SALE OF INTEREST IN CLERMONT MINE COMPLETED



 http://riotinto.msgfocus.com/q/13Vwu6iU3hlrW1um6v1oZ/wv Follow us http://riotinto.msgfocus.com/c/15B0sU8pYlwvFKRfy7AF9drr 2 June 2014 Sale of interest in Clermont Mine completed Download pdf here http://riotinto.msgfocus.com/c/15B0uWScmi796TWZ5cUPfRIU Rio Tinto has completed the sale of its 50.1 per cent interest in the Clermont Joint Venture to GS Coal Pty Ltd, a company jointly owned by Glencore and Sumitomo Corporation, for US$1.015 billion. Under the terms of the sale, Glencore has now taken over management of Clermont Mine, which produces thermal coal in central Queensland. The sale of Clermont Mine delivers good value for Rio Tinto’s shareholders.

It demonstrates the Group’s focus on strengthening its balance sheet and taking a disciplined approach to allocating capital. Rio Tinto remains committed to a long-term future in the Australian coal industry, where its mines provide work for more than 5000 people in Queensland and New South Wales. A US$2 billion extension of the Kestrel Mine was completed last year and studies are currently underway into options to extend the life of Hail Creek Mine, subject to future investment decisions. Contacts: Media Relations, EMEA / Americas Illtud Harri Office: +44 (0) 20 7781 1152 Mobile: +44 (0) 7920 503 600 David Outhwaite Office: +44 (0) 20 7781 1623 Mobile: +44 (0) 7787 597 493 Media Relations, Australia / Asia Bruce Tobin Office: +61 (0) 3 9283 3612 Mobile: +61 (0) 419 103 454 Matthew Klar Office: +61 (0) 7 3625 4244 Mobile: +61 (0) 457 525 578 Media Relations, Canada Bryan Tucker Office: +1 (0) 514 848 8151 Mobile: +1 (0) 514 825 8319 Investor Relations, London Mark Shannon Office: +44 (0) 20 7781 1178 Mobile: +44 (0) 7917 576 597 David Ovington Office: +44 (0) 20 7781 2051 Mobile: +44 (0) 7920 010 978 Grant Donald Office: +44 (0) 20 7781 1262 Mobile: +44 (0) 7920 587 805 Investor Relations, Australia Christopher Maitland Office +61 (0) 3 9283 3063 Mobile +61 (0) 459 800 131 Rachel Storrs Office: +61 (0) 3 9283 3628 Mobile: +61 (0) 417 401 018 Galina Rogova Office: +852 2839 9208 Mobile: +852 6978 3011 Further information: If you have been forwarded this email, you may wish to sign up for our media releases http://riotinto.msgfocus.com/c/15B0wZBYKeHMy32ICieZmw0n directly. Visit the corporate website http://riotinto.msgfocus.com/c/15B0z2lL8bipZc8s9nz9tahQ Read our online magazine http://riotinto.msgfocus.com/c/15B0ZBWU9sYGG6l05uNgRBWV If you have problems viewing images in Outlook, please add us to your safe list http://riotinto.msgfocus.com/c/15B11EGGxpzk7fqJCA7qYgeo LEGAL INFORMATION - Copyright © 2014 Rio Tinto.

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