REG - Rio Tinto - Rio Tinto agrees Heads of Agreement to sell <Origin Href="QuoteRef">RIO.L</Origin>

Rio TintoAnnouncement

28/10/2016 10:55

RNS Number : 7510N
Rio Tinto PLC
28 October 2016
Rio Tinto agrees Heads of Agreement to sell its stake in the Simandou project to Chinalco
28 October 2016
Rio Tinto and Chinalco have signed a non-binding agreement to sell Rio Tinto's entire stake in the Simandou project in Guinea to Chinalco. The Heads of Agreement sets out the proposed principal terms of the sale with the aim of signing a binding agreement within six months.
Rio Tinto will receive payments of $1.1-1.3 billion based on the timing of the development of the project. The initial payment for shares will commence at the time of first commercial production, on a per tonne basis.
Contacts
media.enquiries@riotinto.com
www.riotinto.com 
 Follow @RioTinto on Twitter 
Media Relations, EMEA/Americas
Illtud Harri
T +44 20 7781 1152
M +44 7920 503 600
David Outhwaite
T +44 20 7781 1623
M +44 7787 597 493
David Luff
T +44 20 7781 1177
M +44 7780 226 422
Investor Relations, EMEA/Americas
John Smelt
T +44 20 7781 1654
M +44 7879 642 675
David Ovington
T +44 20 7781 2051
M +44 7920 010 978
Nick Parkinson
T +44 20 7781 1552
M +44 7810 657 556
Media Relations, Australia/Asia
Ben Mitchell
T +61 3 9283 3620
M +61 419 850 212
Bruce Tobin
T +61 3 9283 3612
M +61 419 103 454
Matthew Klar
T +61 7 3625 4244
M +61 457 525 578
Investor Relations, Australia/Asia
Natalie Worley
T +61 3 9283 3063
M +61 409 210 462
Rachel Storrs
T +61 3 9283 3628
M +61 417 401 018
Galina Rogova
T +86 21 6103 3550 
M +86 152 2118 3942





Rio Tinto plc
6 St James's Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in England 
No. 719885
Rio Tinto Limited
120 Collins Street
Melbourne 3000
Australia 
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

This information is provided by RNS
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