Iron ore price settlement

Rio Tinto PLC
21 June 2006

Iron ore price settlement





Hamersley Iron has today reached agreement with Chinese steel mills on the
prices for deliveries of Hamersley's lump ores and fine ores during the contract
year commencing 1 April 2006. Under this agreement, the prices of lump ores and
fine ores will increase by 19 per cent.



Sam Walsh, chief executive of Rio Tinto's Iron Ore group, said, 'I am very
pleased that the annual price discussions with our major market have been
concluded in line with settlements previously established with other major Asian
buyers. The settlements reflect Hamersley's ongoing commitment to the Chinese
market.'



For further information, please contact:

LONDON                                               AUSTRALIA

Media Relations                                      Media Relations
Nick Cobban                                          Ian Head
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Mobile: [phone]                         Mobile: [phone]

Investor Relations                                   Investor Relations
Nigel Jones                                          Dave Skinner
Office: [phone]                         Office:  [phone]
Mobile: [phone]                         Mobile: [phone]


David Ovington                                       Susie Creswell
Office:  [phone]                        Office:  [phone]
Mobile: [phone]                         Mobile: [phone]



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