Rio Tinto PLC — M&A Activity 2014

Jun 2, 2014

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RNS Number : 5578I

Rio Tinto PLC

02 June 2014

Sale of interest in Clermont Mine completed

2 June 2014

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.enquiries@riotinto.com

www.riotinto.com

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### Media Relations, EMEA/Americas Illtud Harri T +44 20 7781 1152 M +44 7920 503 600 David Outhwaite T +44 20 7781 1623 M +44 7787 597 493 ### Investor Relations, EMEA/Americas Mark Shannon T +44 20 7781 1178 M +44 7917 576597 David Ovington T +44 20 7781 2051 M +44 7920 010 978 Grant Donald T +44 20 7781 1262 M +44 7920 587 805	### Media Relations, Australia/Asia Bruce Tobin T +61 3 9283 3612 M +61 419 103 454 Matthew Klar T +61 7 3625 4244 M +61 457 525 578 ### Investor Relations, Australia/Asia Christopher Maitland T +61 3 9283 3063 M +61 459 800 131 Rachel Storrs T +61 3 9283 3628 M +61 417 401 018 Galina Rogova T +852 2839 9208 M +852 6978 3011
### Rio Tinto plc 2 Eastbourne Terrace London W2 6LG United Kingdom T +44 20 7781 2000 Registered in England No. 719885	### Rio Tinto Limited 120 Collins Street Melbourne 3000 Australia T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404

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