6th Jan 2005 16:25
Rio Tinto PLC06 January 2005 Rio Tinto sells interest in Marcona On 30 December 2004 Rio Tinto completed the sale of its interest in the Marconacopper deposit in Peru (Rio Tinto 57.5 per cent) and adjacent explorationtenements to Marcobre S.A.C. (Marcobre) for an initial consideration of US$13million. Rio Tinto has reinvested US$5 million of the consideration in ordinaryshares in Chariot Resources, owner of 70 per cent of Marcobre. A further US$7million will be payable to Rio Tinto by Marcobre on the second anniversary ofthe closing date of this transaction. Further payments to Rio Tinto of up toUS$5 million are conditional on a decision to mine Marcona and the size of thecopper resource at that time. For further information, please contact: LONDON AUSTRALIA Media Relations Media Relations Lisa 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 Relations Peter 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 ExchangeRelated Shares:
Rio Tinto