Simandou position - update

RNS Number : 5098A
Rio Tinto PLC
01 August 2008
 



Simandou position - update

August 1, 2008


Rio Tinto has today received correspondence from the President of Guinea purporting to rescind the Simandou Mining Concession.


In conjunction with its partner in the project, International Finance Corporation, Rio Tinto is currently studying the issues raised in the correspondence.


Rio Tinto remains confident that its arrangements are in all respects in conformity with Guinean laws and that it has complied with its obligations. 


Rio Tinto negotiated and executed the Simandou Mining Concession in full transparency with the Guinean government and is currently in discussion with relevant ministers with a view to resolving any issues


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.


For further information, please contact:


Media Relations, London 

Christina Mills

Office: +44 (0) 20 7781 1154

Mobile: +44 (0) 7825 275 605

Nick Cobban

Office: +44 (0) 20 7781 1138

Mobile: +44 (0) 7920 041 003

Media Relations, Australia 

Amanda Buckley

Office: +61 (0) 3 9283 3627

Mobile: +61 (0) 419 801 349

Ian Head

Office: +61 (0) 3 9283 3620

Mobile: +61 (0) 408 360 101

Media Relations, Americas 

Nancy Ives

Mobile: +1 619 540 3751


 

Investor Relations, London

Nigel Jones

Office: +44 (0) 20 7781 2049 

Mobile: +44 (0) 7917 227365


David Ovington

Office: +44 (0) 20 7781 2051

Mobile: +44 (0) 7920 010 978

Investor Relations, Australia

Dave Skinner

Office: +61 (0) 3 9283 3628

Mobile: +61 (0) 408 335 309


Simon Ellinor

Office: +61 (0) 7 3867 1068

Mobile: +61 (0) 439 102 811

Investor Relations, North America

Jason Combes

Office: +1 (0) 801 685 4535

Mobile: +1 (0) 801 558 2645



Email: questions@riotinto.com


Website: www.riotinto.com

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


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