Rio Tinto PLC
28 March 2002
Release time Immediate
TIME FOR KPC DIVESTMENT OFFER EXTENDED
The Government of Indonesia and PT Kaltim Prima Coal (KPC) have agreed that the
time by which the 2001 offer is to be made will be extended until 30 June 2002.
The extension recognises that it is now very unlikely that the litigation
affecting the KPC divestment will be withdrawn by the 31st March and allows the
parties more time to resolve the matter constructively.
The agreed offer price of US$822million (based on 100%) and the requirement,
agreed with the Government of Indonesia, for all legal actions relating to KPC's
divestment obligations to be withdrawn before the offer is made remain
unaffected by the extension of time.
For further information, please contact:
LONDON AUSTRALIA
Media and Investor Relations Media Relations
Andrew Vickerman Ian Head
+ 44 (0) 20 7753 2142 +61 (0) 3 9283 3620
Investor Relations
Dave Skinner
+61 (0) 3 9283 3628
Daphne Morros
+61 (0) 3 9283 3639
Website: www.riotinto.com
Note to editors
Rio Tinto has a 50 per cent Joint Venture interest in Kaltim Prima Coal.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.