Rio Tinto PLC — M&A Activity 2014

Jul 30, 2014

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 6988N

Rio Tinto PLC

30 July 2014

Rio Tinto agrees sale of coal assets in Mozambique

30 July 2014

Rio Tinto has reached an agreement to sell Rio Tinto Coal Mozambique, which comprises the Benga coal mine and other projects in the Tete province of Mozambique, to International Coal Ventures Private Limited (ICVL) for US$50 million.

The assets were acquired by Rio Tinto as part of its acquisition of Riversdale Mining Limited in 2011.  

The sale is subject to certain conditions precedent and regulatory approvals.  The transaction is expected to close in the third quarter of 2014.

During the transition to the new owner, Rio Tinto will continue to manage the mine to the highest safety and environmental standards.  Rio Tinto's other assets in the country are unaffected by this transaction.

Note to editor

ICVL is a joint venture company incorporated in India and set up by the mandate of the Government of India exclusively for the purpose of the acquisition of coal mines and coal assets in overseas territories, primarily to meet the coal requirements of the promoter companies of ICVL.  The promoter companies of ICVL are also amongst the largest Government of India owned entities: Steel Authority of India Limited, Coal India Limited, Rashtriya Ispat Nigam Limited, National Minerals Development Corporation Limited and National Thermal Power Corporation Limited.

Contacts

media.enquiries@riotinto.com

www.riotinto.com

Follow @RioTinto on Twitter

### 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

DISGUGDRCUXBGSG