Agreements with Hyundai Steel

Rio Tinto PLC
01 February 2008


Rio Tinto signs long-term agreements to supply Pilbara iron ore to Hyundai Steel


1 February 2008


Rio Tinto and its joint venture partners have sealed long-term contracts to
supply iron ore to Hyundai Steel, under which more than 40 million tonnes of
iron ore from the Pilbara will be exported to the Korean producer over the next
decade.


Hyundai Steel is Korea's second largest steel maker and the world's second
largest electric arc furnace (EAF) producer.


Under the contracts, Hamersley Iron, Robe River and Hope Downs will commence
shipments in 2009 ramping up to an annual total of 4.6Mt from 2012 to 2019.


Sam Walsh, chief executive of Rio Tinto Iron Ore, said the agreements marked the
next stage in a relationship that had endured through most of the lifespan of
the Pilbara iron ore industry. 'Rio Tinto has enjoyed a long relationship with
Korea, going back to our first shipment in 1973. These agreements with Hyundai
Steel are the culmination of several years' negotiations and open the next
chapter in what has been a successful, mutually rewarding partnership.'


About Rio Tinto


Rio Tinto is a leading international mining group headquartered in the UK,
combining Rio Tinto plc, a London 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.


Forward-Looking Statements


This announcement includes 'forward-looking statements' within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than
statements of historical facts included in this announcement, including, without
limitation, those regarding Rio Tinto's financial position, business strategy,
plans and objectives of management for future operations (including development
plans and objectives relating to Rio Tinto's products, production forecasts and
reserve and resource positions), are forward-looking statements. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
Rio Tinto, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements.


Such forward-looking statements are based on numerous assumptions regarding Rio
Tinto's present and future business strategies and the environment in which Rio
Tinto will operate in the future. Among the important factors that could cause
Rio Tinto's actual results, performance or achievements to differ materially
from those in the forward-looking statements include, among others, levels of
demand and market prices, the ability to produce and transport products
profitably, the impact of foreign currency exchange rates on market prices and
operating costs, operational problems, political uncertainty and economic
conditions in relevant areas of the world, the actions of competitors,
activities by governmental authorities such as changes in taxation or regulation
and such other risk factors identified in Rio Tinto's most recent Annual Report
on Form 20-F filed with the United States Securities and Exchange Commission
(the 'SEC') or Form 6-Ks furnished to the SEC. Forward-looking statements
should, therefore, be construed in light of such risk factors and undue reliance
should not be placed on forward-looking statements. These forward-looking
statements speak only as of the date of this announcement. Rio Tinto expressly
disclaims any obligation or undertaking (except as required by applicable law,
the City Code on Takeovers and Mergers (the 'Takeover Code'), the UK Listing
Rules, the Disclosure and Transparency Rules of the Financial Services Authority
and the Listing Rules of the Australian Securities Exchange) to release publicly
any updates or revisions to any forward-looking statement contained herein to
reflect any change in Rio Tinto's expectations with regard thereto or any change
in events, conditions or circumstances on which any such statement is based.


Nothing in this announcement should be interpreted to mean that future earnings
per share of Rio Tinto plc or Rio Tinto Limited will necessarily match or exceed
its historical published earnings per share.


Subject to the requirements of the Takeover Code, none of Rio Tinto, any of its
officers or any person named in this announcement with their consent or any
person involved in the preparation of this announcement makes any representation
or warranty (either express or implied) or gives any assurance that the implied
values, anticipated results, performance or achievements expressed or implied in
forward-looking statements contained in this announcement will be achieved.


For further information, please contact:

Media Relations, Australia                            Media Relations, London

Amanda Buckley                                        Christina Mills

Office:  [phone]                          Office: [phone]

Mobile: [phone]                           Mobile: [phone]

Gervase Green                                         Nick Cobban

Office:  [phone]                          Office:  [phone]

Mobile: [phone]                           Mobile: [phone]

Media Relations, Americas

Nancy Ives

Mobile:  [phone]

Investor Relations, Australia                         Investor Relations, London

Dave Skinner                                          Nigel Jones

Office:  [phone]                          Office:   [phone]

Mobile: [phone]                           Mobile: [phone]

Simon Ellinor                                         David Ovington

Office:  [phone]                          Office:  [phone]

Mobile: [phone]                           Mobile: [phone]


Investor Relations, North America

Jason Combes

Office:  [phone]

Mobile: [phone]


Email:  [e-mail]

Website:  www.riotinto.com

High resolution photographs available at: www.newscast.co.uk


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