Iron ore price settlement

2nd Mar 2005 08:54

Rio Tinto PLC02 March 2005 Iron ore price settlement Hamersley Iron has reached agreement with Shanghai Baosteel Group Corporation onprices for Hamersley iron ore deliveries for the contract year commencing 1April 2005. Under the settlement, the price of Hamersley ore products to Baosteel willincrease by 71.5 per cent over contract year 2004 prices. For further information, please contact: LONDON AUSTRALIA Media Relations Media RelationsLisa Cullimore Ian HeadOffice: +44 (0) 20 7753 2305 Office: +61 (0) 3 9283 3620Mobile: +44 (0) 7730 418 385 Mobile: +61 (0) 408 360 101 Investor Relations Investor RelationsPeter Cunningham Dave SkinnerOffice: +44 (0) 20 7753 2401 Office: +61 (0) 3 9283 3628Mobile: +44 (0) 7711 596 570 Mobile: +61 (0) 408 335 309Richard Brimelow Susie CreswellOffice: +44 (0) 20 7753 2326 Office: +61 (0) 3 9283 3639Mobile: +44 (0) 7753 783 825 Mobile: +61 (0) 418 933 792 Website: www.riotinto.com This information is provided by RNS The company news service from the London Stock Exchange

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