Rio Tinto PLC

Report Publication Announcement • Aug 1, 2018

National Storage Mechanism | Additional information

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RNS Number : 4323W

Rio Tinto PLC

01 August 2018

Rio Tinto completes sale of remaining coal assets

1 August 2018

Rio Tinto has completed the sale of its remaining coal assets in Queensland, Australia, for $3.95 billion.

The transactions include the sale of Rio Tinto's interests in the Hail Creek coal mine and Valeria coal development project to Glencore for $1.7 billion, and its interest in the Kestrel underground coal mine to a consortium comprising private equity manager EMR Capital and PT Adaro Energy Tbk for $2.25 billion.

Rio Tinto chief executive J-S Jacques said "The sale of our remaining Australian coal assets delivers exceptional value to our shareholders. Once again, I would like to thank the many people across Rio Tinto and the communities in which we operate who have contributed to the coal business. I wish them continued success under new ownership."

2018 guidance and tax

To reflect the sale of these assets, 2018 production guidance is updated to 4.0 million tonnes of hard coking coal and 2.5 million tonnes of thermal coal.

Estimated tax payable on the transactions is in the order of $1 billion.

Contacts

media.enquiries@riotinto.com 

riotinto.com  

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### Media Relations, United Kingdom Illtud Harri T +44 20 7781 1152 M +44 7920 503 600 David Outhwaite T +44 20 7781 1623 M +44 7787 597 493	### Media Relations, Australia Jonathan Rose T +61 3 9283 3088 M +61 447 028 913 ### Media Relations, Canada Matthew Klar T +1 514 608 4429
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