21st Jun 2006 08:32
Rio Tinto PLC21 June 2006 Iron ore price settlement Hamersley Iron has today reached agreement with Chinese steel mills on theprices for deliveries of Hamersley's lump ores and fine ores during the contractyear commencing 1 April 2006. Under this agreement, the prices of lump ores andfine ores will increase by 19 per cent. Sam Walsh, chief executive of Rio Tinto's Iron Ore group, said, "I am verypleased that the annual price discussions with our major market have beenconcluded in line with settlements previously established with other major Asianbuyers. The settlements reflect Hamersley's ongoing commitment to the Chinesemarket." For further information, please contact: LONDON AUSTRALIA Media Relations Media RelationsNick Cobban Ian HeadOffice: +44 (0) 20 7753 2305 Office: +61 (0) 3 9283 3620Mobile: +44 (0) 7920 041 003 Mobile: +61 (0) 408 360 101 Investor Relations Investor RelationsNigel Jones Dave SkinnerOffice: +44 (0) 20 7753 2401 Office: +61 (0) 3 9283 3628Mobile: +44 (0) 7917 227 365 Mobile: +61 (0) 408 335 309 David Ovington Susie CreswellOffice: +44 (0) 20 7753 2326 Office: +61 (0) 3 9283 3639Mobile: +44 (0) 7920 010 978 Mobile: +61 (0) 418 933 792 Website: www.riotinto.com High resolution photographs available at: www.newscast.co.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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