Rio Tinto and Robe River

Rio Tinto PLC 13 January 2004 Rio Tinto and Robe River progress on Pilbara cooperation Rio Tinto has reached agreement in principle with the Robe River Joint Venture Participants to allow for closer cooperation between the iron ore operations of Hamersley Iron and Robe in the Pilbara region of Western Australia. Under the agreement, the existing separate structures of Hamersley and Robe will continue. Each business will continue to have its own decision making processes and will make its own independent decisions. In particular: - there will be no change to the ownership of Robe or Hamersley Iron or to the ownership of their respective assets; - Robe River Mining Company will continue to employ its own managing director and operations general manager and continue to be the manager of the Robe River joint venture; and - Robe River Limited will continue to be responsible for the management and marketing of Robe's iron ore sales. In addition to preserving the important structural elements above, the agreement allows for: - continued cooperation and common usage of rail infrastructure; - closer cooperation and common usage of infrastructure areas such as port and power; and - closer cooperation in relation to the management of non infrastructure assets (including mobile and other mining equipment) and site and corporate services. New entities will be formed to facilitate the implementation of the agreement. The entities will collectively be referred to as Pilbara Iron. Pilbara Iron will be responsible for operating and maintaining all of Hamersley's and Robe's rail, port, power and non-infrastructure assets as well as providing corporate and site services. Rio Tinto and the Robe River Joint Venture participants are working towards final documentation of the agreement. Implementation will be subject to obtaining any necessary Government approvals. For further information, please contact: LONDON AUSTRALIA Media Relations Media Relations Lisa Cullimore Ian Head Office: +44 (0) 20 7753 2305 Office: +61 (0) 3 9283 3620 Mobile: +44 (0) 7730 418 385 Mobile: +61 (0) 408 360 101 Investor Relations Investor Relations Peter Cunningham Dave Skinner Office: +44 (0) 20 7753 2401 Office: +61 (0) 3 9283 3628 Mobile: +44 (0) 7711 596 570 Mobile: +61 (0) 408 335 309 Richard Brimelow Daphne Morros Office: +44 (0) 20 7753 2326 Office: +61 (0) 3 9283 3639 Mobile: +44 (0) 7753 783 825 Mobile: +61 (0) 408 360 764 Website: www.riotinto.com This information is provided by RNS The company news service from the London Stock Exchange IF

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Rio Tinto (RIO)
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