Rio Tinto Iron Ore

Rio Tinto PLC
25 August 2005

New long term contracts secure Rio Tinto Iron Ore sales in Korea



Rio Tinto Iron Ore (RTIO) today announced that Hamersley Iron (Rio Tinto 100 per
cent) and Robe River Iron Associates (Rio Tinto 53 per cent) have entered into
new long term sales contracts with POSCO, Korea's leading steel producer.



These new contracts have been finalised ahead of the expiry of existing
contracts in 2007, and will see RTIO supply approximately 128 million tonnes of
iron ore products to POSCO from its Western Australian operations over ten
years.



The new sales arrangements build on RTIO's strategy of securing supply to major
customers under long term contract wherever appropriate, and further underwrite
the group's US$1.6 billion capacity expansion programme now underway in the
Pilbara.







For further information, please contact:
LONDON                                               AUSTRALIA

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Hugh Leggatt                                         Ian Head

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Investor Relations                                   Investor Relations

Nigel Jones                                          Dave Skinner

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Richard Brimelow                                     Susie Creswell

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Website: www.riotinto.com




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