🕐11.06.15 - 19:27 Uhr

ERA LTD - RANGER 3 DEEPS PROJECT UPDATE



 http://riotinto.msgfocus.com/q/13Vwu6jimgXRDYr5v9huv/wv Follow us http://riotinto.msgfocus.com/c/15ZQdzRWmtL3FdFObeXgDmXY 11 June 2015 Energy Resource of Australia Ltd - Ranger 3 Deeps Project Update Download pdf here http://riotinto.msgfocus.com/c/15ZQfCBIKqlH6mLxIkhqK1fr Rio Tinto acknowledges Energy Resources of Australia Ltd’s (ERA) release to the Australian Securities Exchange on 11 June 2015, in which it announced it has decided it would not proceed with the Final Feasibility Study of the Ranger 3 Deeps project in the current operating environment. Rio Tinto agrees with the decision not to progress the study.

After careful consideration, Rio Tinto has determined that it does not support any further study or the future development of Ranger 3 Deeps due to the project’s economic challenges. Rio Tinto recognises the importance of ongoing rehabilitation work at the Ranger mine site, which is surrounded by the World Heritage-listed Kakadu National Park.

Rio Tinto is engaged with ERA on a conditional credit facility to assist ERA to fund its rehabilitation program, should additional funding be required beyond ERA’s existing cash reserves and the future earnings from processing ore stockpiles. Rio Tinto is assessing a potential non-cash impairment charge of approximately US$300 million* (post tax) relating to its shareholding in ERA. *nominal dollars 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 David Luff Office: +44 (0) 20 7781 1177 Mobile: +44 (0) 7780 226 422 Media Relations, Australia / Asia Ben Mitchell Office: +61 (0) 3 9283 3620 Mobile: +61 (0) 419 850 212 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 John Smelt Office: +44 (0) 20 7781 1654 Mobile: +44 (0) 7879 642 675 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 Natalie Worley Office: +61 (0) 3 9283 3063 Mobile: +61 (0) 409 210 462 Rachel Storrs Office: +61 (0) 3 9283 3628 Mobile: +61 (0) 417 401 018 Galina Rogova Office: +86 21 6103 3550 Mobile: +86 152 2118 3942 Further information: If you have been forwarded this email, you may wish to sign up for our media releases http://riotinto.msgfocus.com/c/15ZQhFlv8mWkxvRhfpBAQFwU directly. Visit the corporate website http://riotinto.msgfocus.com/c/15ZQjI5hwjwXYEX0MuVKXjOn Read our online magazine http://riotinto.msgfocus.com/c/15ZQlKP3Ug7BpO2KjAfV3Y5Q If you have problems viewing images in Outlook, please add us to your safe list http://riotinto.msgfocus.com/c/15ZQnNyQicIeQX8tQFA5aCnj LEGAL INFORMATION - Copyright © 2015 Rio Tinto.

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