30th Nov 2005 11:59
Rio Tinto PLC30 November 2005 Rio Tinto agrees to sell its investment in Lihir Rio Tinto today entered into contracts to sell its 14.46 per cent shareholdingin Lihir Gold for approximately A$399 million (US$295 million). The shares willbe sold in a block trade at a price of A$2.15 per share. Commenting on the sale, Rio Tinto's chief executive, Leigh Clifford, said: "RioTinto generally does not hold long term minority positions in other listedcompanies. Following our relinquishment of management rights announced on 16September 2005, we have taken advantage of the current favourable marketconditions to sell our holding in Lihir." (Note: The securities have not been registered under the US Securities Act of1933, as amended, and may not be offered or sold in the United States absentregistration or an applicable exemption from the registration requirements.) For further information, please contact: LONDON AUSTRALIA Media Relations Media RelationsMaria Darby Walker Ian HeadOffice: +44 (0) 20 7753 2305 Office: +61 (0) 3 9283 3620Mobile: +44 (0) 7725 036 544 Mobile: +61 (0) 408 360 101 Investor Relations Investor Relations Nigel 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 Note to editors The block trade price of A$2.15 per share is at a discount of 3.2 per cent tothe 1 week VWAP of A$2.22 per share. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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