Rio Tinto and Chinalco obtain

RNS Number : 3017S

Rio Tinto PLC

15 May 2009

 



Rio Tinto and Chinalco obtain clearance from Committee on Foreign Investment in the United States (CFIUS) 

15 May 2009

Rio Tinto and Chinalco announced today that they have obtained clearance from the Committee on Foreign Investment in the United States ('CFIUS') regarding the proposed issue of convertible bonds to Chinalco and the indirect minority investment in Kennecott Utah Copper Corporation, as contemplated by the strategic transaction announced by Rio Tinto and Chinalco on 12 February 2009. Rio Tinto and Chinalco jointly filed a voluntary notice with CFIUS in connection with the transaction. The receipt of CFIUS clearance satisfies a regulatory pre-condition to the transaction.

This follows receipt of approvals from the Australian Competition and Consumer Commission on 25 March and the German Federal Cartel Office on 31 March.

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.

About Chinalco

Chinalco is an international diversified mineral resources company and one of the largest diversified metals and mining companies in China. Chinalco is an industry leader in processing nonferrous minerals. It conducts exploration and mining, processes various mineral resources including bauxite, copper and other metals, and provides engineering and technical services to the mining industry. Headquartered in Beijing, Chinalco and its subsidiaries have operations in 22 provinces in China and 15 overseas offices in 10 countries and regions. In 2008, Chinalco became a Fortune Global 500 company.

For further information, please contact:

Media Relations, London Christina Mills Office: [phone]  Mobile: [phone] Nick Cobban Office: [phone]  Mobile: [phone] Media Relations, US and South America Tony Shaffer Office: [phone] Mobile: [phone]	Media Relations, Australia Amanda Buckley Office: [phone] Mobile: [phone] Ian Head Office: [phone] Mobile: [phone] Media Relations, Canada Stefano Bertolli Office:: [phone] Mobile: [phone]
Investor Relations, London Nigel Jones Office: [phone] Mobile: [phone] David Ovington Office: [phone] Mobile: [phone] Investor Relations, North America Jason Combes Office: [phone] Mobile: [phone]	Investor Relations, Australia Dave Skinner Office: [phone] Mobile: [phone] Simon Ellinor Office: [phone] Mobile: [phone]
Email: [e-mail]
Website: www.riotinto.com
For Chinalco: Maitland, Media advisors to Chinalco, London Office [phone] Philip Gawith Mobile [phone] Liz Morley Mobile [phone] FD Third Person, Media advisors to Chinalco, Australia Office [phone] Jim Kelly Mobile [phone] Amanda Lee Mobile [phone] Website: www.chinalco.com

 

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