100 per cent divestment of Cl

RNS Number : 4717Y
Rio Tinto PLC
22 December 2010
 



Rio Tinto completes 100 per cent divestment of Cloud Peak Energy with fully exercised over allotment

 

22 December 2010

 

Rio Tinto has completed a 100 per cent divestment of its equity holdings in Cloud Peak Energy Inc. through a fully exercised over allotment in connection with a recently announced secondary offering. Underwriters exercised their option to purchase 3,800,000 additional shares of Cloud Peak Energy Inc's common stock for US$19.50 per share. The secondary offering of 25,600,000 shares and the over allotment closed on 21 December 2010.  Gross proceeds from the over allotment were US$74.1 million, bringing the total gross proceeds from the secondary offering to US$573.3 million.

 

Rio Tinto continues to have certain rights under the tax receivable agreement entered into with Cloud Peak at the time of the initial public offering.

 

 

About Rio Tinto

 

Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.

 

Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa. 

 



For further information, please contact:

Media Relations, EMEA / Americas

Tony Shaffer

Office:  +44 (0) 20 7781 1138

Mobile: +44 (0) 7920 041 003

Christina Mills

Office:  +44 (0) 20 7781 1154

Mobile: +44 (0) 7825 275 605

 

Media Relations, Australia / Asia

David Luff
Office:  +61 (0) 3 9283 3620
Mobile: +61 (0) 0419 850 205

Karen Halbert

Office: +61 (0) 3 9283 3627

Mobile: +61 (0) 412 119 389

Bruce Tobin

Office: +61 (0) 3 9283 3612

Mobile: +61 (0) 419 103 454

Media Relations, Canada

Bryan Tucker

Office: +1 (0) 514 848 8151

Mobile: +1 (0) 514 825 8319

 

Investor Relations, London

Mark Shannon

Office:  +44 (0) 20 7781 1178

Mobile: +44 (0) 7917 576597

David Ovington

Office:  +44 (0) 20 7781 2051

Mobile: +44 (0) 7920 010 978

 

Investor Relations, Australia

Dave Skinner

Office:  +61 (0) 3 9283 3628

Mobile: +61 (0) 408 335 309

Simon Ellinor

Office:  +61 (0) 7 3361 4365

Mobile: +61 (0) 439 102 811

Christopher Maitland

Office: +61 (0) 3 9283 3063

Mobile: +61 (0) 459 800 131

Investor Relations, North America

Jason Combes

Office:  +1 (0) 801 204 2919

Mobile: +1 (0) 801 558 2645

 

 

Website:  www.riotinto.com

Email:     media.enquiries@riotinto.com / enquiries.mediaaustralia@riotinto.com

           

High resolution photographs and media pack available at: http://www.riotinto.com/media

 

 


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