Rio Tinto PLC

M&A Activity • Oct 28, 2016

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RNS Number : 7510N

Rio Tinto PLC

28 October 2016

Rio Tinto agrees Heads of Agreement to sell its stake in the Simandou project to Chinalco

28 October 2016

Rio Tinto and Chinalco have signed a non-binding agreement to sell Rio Tinto's entire stake in the Simandou project in Guinea to Chinalco. The Heads of Agreement sets out the proposed principal terms of the sale with the aim of signing a binding agreement within six months.

Rio Tinto will receive payments of $1.1-1.3 billion based on the timing of the development of the project. The initial payment for shares will commence at the time of first commercial production, on a per tonne basis.

Contacts

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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 David Luff T +44 20 7781 1177 M +44 7780 226 422 ### Investor Relations, EMEA/Americas John Smelt T +44 20 7781 1654 M +44 7879 642 675 David Ovington T +44 20 7781 2051 M +44 7920 010 978 Nick Parkinson T +44 20 7781 1552 M +44 7810 657 556	### Media Relations, Australia/Asia Ben Mitchell T +61 3 9283 3620 M +61 419 850 212 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 Natalie Worley T +61 3 9283 3063 M +61 409 210 462 Rachel Storrs T +61 3 9283 3628 M +61 417 401 018 Galina Rogova T +86 21 6103 3550 M +86 152 2118 3942
### Rio Tinto plc 6 St James's Square London SW1Y 4AD 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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